Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part III
33. Power to grant or refuse registration of public funds
Feedback & supportThe Authority may grant or refuse to grant—
registration of a public fund; or
provisional acceptance of a proposed public fund.
A grant under subsection (1) may be made subject to any terms, conditions, limitations or restrictions.
A provisional acceptance granted under paragraph (1)(b)
shall be valid and effective for a period not exceeding six months from the date on which it is granted.
A provisional acceptance may be renewed for a period not exceeding three months upon application being made to the
Authority and accompanied by such documents or information as the Authority may require.
Notwithstanding the grant of a provisional acceptance under paragraph (1)(b) to a proposed public fund, the Authority may grant registration to such a proposed public fund as a public fund under paragraph (1)(a).