Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part IV · Market Intermediaries
56. Application for licence
Feedback & supportAn application to the Authority under subsection 55(1) to be licensed as a securities licensee under this Part shall be made in writing by or on behalf of the applicant to the Authority.
An application for a licence to carry on business as a securities licensee shall be—
made in such form as may be specified by the Authority; and
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accompanied by—
such application fee as may be prescribed by regulations;
particulars of the financial and human resources and administrative facilities available to the applicant for the competent and efficient conduct of its business;
a statement on the following:
the address of the applicant’s place of business and its address for service relating to Labuan;
the name and address of a person in
Labuan who is authorized to represent the applicant and to accept service on its behalf; and
the address of the applicant’s place of business outside Labuan;
a statement to the effect that applicant has declared its compliance with the *Anti-Money
Laundering and Anti-Terrorism Financing Act 2001
[Act 613] and shall ensure that it shall update its policies and procedures periodically so as to comply with their requirements; and
such other information or documents as the
Authority may reasonably require for the purpose of determining the application.