Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part XI · Appeals
183. Application of Capital Markets and Services Act 2007
Feedback & supportSubject to subsections (2) and (3), nothing in this Act shall affect the provisions of the Capital Markets and Services
Act 2007 and in the application of any provision of this Act to any person, such provision shall apply subject to the provisions of the Capital Markets and Services Act 2007.
person
“person” includes a corporation, partnership, a body of persons, corporate or unincorporated and a corporation sole;
Where there is conflict or inconsistency between the provisions of this Act and the Capital Markets and Services
Act 2007, the provisions of the Capital Markets and Services
Act 2007 shall prevail.
The provisions of the Capital Markets and Services
Act 2007 shall not apply to a licensed entity in respect of any licensed activity under this Act, when such licensed activity is carried on in Labuan or outside Malaysia.
licensed entity
“licensed entity” means a person licensed or registered to carry on any activity under any Part;
*NOTE—The Exchange Control Act 1953 [Act 17] has since been repealed by the Financial
exchange
“exchange” includes a body corporate established as a securities exchange under section 134 and the Labuan International Financial Exchange that was established by the Minister under section 30 of the *Labuan Offshore Securities Industry Act 1998 that was approved and recognized immediately before the effective date;
Services Act 2013 [Act 758] which comes into operation on 30 June 2013—see sections 271
and 272 of Act 758.
Application of Labuan Companies Act 1990 and *Companies
Act 1965