Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part IV · Market Intermediaries
55. Securities licensee
Feedback & supportNo person shall carry on business as a securities licensee unless that person is a Labuan company who has been granted a licence to act as a securities licensee under this section.
person
“person” includes a corporation, partnership, a body of persons, corporate or unincorporated and a corporation sole;
Notwithstanding subsection (1), the following persons may carry on business as a securities licensee:
securities licensee
“securities licensee” means a person, who for valuable consideration, provides investment advice or administrative services in respect of securities for the purposes of investment, including dealing in securities or such other activity as may be specified by the Authority. SECURITIES LICENSEE Securities licensee
a fund manager referred to in subsections 40(1) and (2);
and
a bank licensee.