Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part VI · Labuan Banking
Official textFrom Laws of Malaysia Online, unchanged
A bank licensee which is a Labuan company may, subject to the prior written consent of the Authority, open any office other than its principal place of business in Labuan, or acquire or establish any subsidiary.
bank licensee
“bank licensee” means a Labuan bank or a Labuan investment bank licensed under Part VI;
Authority
“Authority” means the Labuan Financial Services Authority established under section 3 of the Labuan Financial Services Authority Act 1996;
bank licensee
“bank licensee” means a Labuan bank or a Labuan investment bank licensed under Part VI;
Labuan company
“Labuan company” has the meaning assigned to it in the Labuan Companies Act 1990;
office
“office” includes the principal place of business, a branch, an agency, a mobile place of business, a place of business set up and maintained for a limited period only, an electronic terminal and any other place of business;
subsidiary
“subsidiary” shall have the meaning assigned to it under the Labuan Companies Act 1990;
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