Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part XI · Appeals
166. Appeals
Feedback & supportAny person who is aggrieved by the decision of the
person
“person” includes a corporation, partnership, a body of persons, corporate or unincorporated and a corporation sole;
Authority to reject an application for a licence or registration or to revoke a licence or registration under this Act may, within thirty days of the decision being notified to him, appeal to the
Authority in writing.
The Authority shall, after considering the appeal under subsection (1), make a final decision and shall notify the applicant in writing of its decision.
An applicant who is aggrieved by the decision of the
Authority under subsection (2) may, within thirty days of the decision being notified to him, appeal to the Minister in writing who may confirm, vary or reverse the decision, and whose decision shall be final.
Minister
“Minister” means the Minister charged with the responsibility for finance;
For the avoidance of doubt, the bringing of an appeal under subsections (1) and (3), does not suspend the decision being appealed against.
REVOCATION AND SURRENDER