Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part IV · Market Intermediaries
58. Licence
Feedback & supportA licence granted under this Part shall—
(a)
be in such form as may be specified;
(b)
specify any terms, conditions, restrictions or limitations;
specify
Defined · s 2
“specify”, where no mode is mentioned, means specify from time to time in writing, and a power to specify includes the power to specify differently for different persons or different classes, categories or descriptions of persons;
(c)
remain in force until it is revoked; and
(d)
be admissible in all courts as prima facie evidence of the facts stated in it.