Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part III
31. Public funds shall be registered
Feedback & support(1)
No public fund shall carry on business or arrange or administer its affairs unless it has been granted registration under paragraph 33(1)(a).
(2)
Subject to subsection (3), no proposed public fund shall carry on business or arrange or administer its affairs unless it has been granted provisional acceptance under paragraph 33(1)(b).
(3)
A proposed public fund to which a provisional acceptance has been granted under paragraph 33(1)(b) shall not carry on business or arrange or administer its affairs without the prior written consent of the Authority.