Section 95

Every bank licensee which is a foreign Labuan company or a Malaysian bank shall within three months after the making of any amendment or alteration to its constituent documents, furnish to the Authority particulars in writing of such amendment or alteration duly authenticated in a manner acceptable to the

Authority by a director of the bank licensee.

No bank licensee shall make any amendment or alteration that is contrary to any written law to its constituent documents.

No participant of the bank licensee who holds fifteen per centum or more of the paid-up capital of the bank licensee shall be changed without the prior written approval of the

Authority and, where the bank licensee is a foreign Labuan company, it shall promptly notify the Authority of any change in its participants who hold fifteen per centum or more of its paid-up capital.

Labuan Financial Services and Securities 103

Authority to publish list of Labuan banks and Labuan investment banks