90. Application for licence to carry on Labuan financial business

Terms defined in this Act

• Authority

  Authority

  Defined · s 2

  “Authority” means the Labuan Financial Services Authority established under section 3 of the Labuan Financial Services Authority Act 1996;

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• Labuan financial business

  Labuan financial business

  Defined · s 86

  “Labuan financial business” means— (a) building credit business; (b) credit token business; (c) development finance business; (d) leasing business; (e) factoring business; (f) money-broking business; (g) Labuan Islamic financial business; or (h) such other business as the Authority, with the approval of the Minister, may specify, in any currency (including ringgit where permitted by the *Exchange Control Act 1953 or such other relevant law in force);

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• licence

  licence

  Defined · s 2

  “licence” means a licence granted or renewed under this Act;

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