Section 5
Business in, from or through Labuan
of Labuan Financial Services and Securities Act 2010
A person licensed to carry on any of the activities under this Act shall carry on such activities only in, from or through
Labuan except that a licensed entity may carry on such business in Malaysia outside Labuan as may be permitted by the Authority from time to time:
Provided that nothing in this section permits a licensed entity from carrying on any regulated activities under the Capital Markets and Services Act 2007 [Act 671], where such regulated activities are carried on in Malaysia other than Labuan.
(2)
Notwithstanding subsection (1), a mutual fund, a fund manager and a fund administrator established, licensed or registered, as the case may be, under Part III shall be deemed to be carrying on business in Labuan notwithstanding that the business is carried on wholly outside Labuan or outside Labuan from a place of business or registered office within Labuan and the expression
“carrying on business from Labuan” includes carrying on business outside Labuan from a place of business or a registered office within Labuan.
Syariah matters