Section 39
Foreign public fund may be managed or administered in Labuan
of Labuan Financial Services and Securities Act 2010
ActIn forceProvision 39 of 201
Section 39
A public fund lawfully registered under the laws of any recognized country or jurisdiction need not be registered as a public fund under section 33 so long as the public fund is administered or managed in Labuan by a fund administrator, a custodian, a trustee or a fund manager, who is licensed, registered or eligible under this Part.
Subdivision 1
FUND MANAGERS AND FUND ADMINISTRATORS