Malaysia legislation

Section 166

of LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010

Section 166

(2)

The Authority shall, after considering the appeal under subsection (1), make a final decision and shall notify the applicant in writing of its decision.

(3)

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.

(4)

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

Revocation of consent, licence or registration