Section 184
of Labuan Financial Services and Securities Act 2010
Section 184
In addition to, and not in derogation of, the provisions of this Act—
(a)
the Labuan Companies Act 1990 shall apply to—
(i)
a bank licensee that is not a Malaysian bank licensee; and
(ii)
an insurance licensee that is a Labuan company or a foreign Labuan company; and
(b)
the *Companies Act 1965 shall apply to—
(i)
a Malaysian bank licensee or a licensed entity licensed under section 90 which is an office of a Malaysian bank established under that Act; and
(ii)
an insurance licensee which is a branch of a
Malaysian insurer.
(2)
Where there is any conflict or inconsistency between the provisions of this Act and the other Acts referred to in subsection (1) in their application to the respective licensed entities, the provisions of this Act shall prevail.
(3)
Where any difficulty or doubt arises in the application of subsection (1) in relation to any particular licensed entity or any particular matter or circumstance or in general, the Authority may resolve the same by issuing a direction on the issue.