Section 182
Application of *Exchange Control Act 1953
of Labuan Financial Services and Securities Act 2010
ActIn forceProvision 181 of 201
Section 182
(1)
Subject to subsections (2) and (3), nothing in this Act shall affect the provisions of the *Exchange Control Act 1953 and in the application of any provision of this Act to a person or bank licensee, such provision shall apply subject to the provisions of the *Exchange Control Act 1953.
(2)
Where there is conflict or inconsistency between the provisions of this Act and the *Exchange Control Act 1953, the provisions of the *Exchange Control Act 1953 shall prevail.
(3)
The provisions of the *Exchange Control Act 1953 shall not apply in respect of any transactions exempted under that Act and any guidelines, circulars or notices issued thereunder.