Labuan Financial Services Authority Act 1996 · s 37

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s 37Power to make regulations

(1)

The Minister may, on the recommendation of the Authority, make such regulations as may be expedient or necessary for carrying out or giving effect to the provisions of this Act.

(2)

Regulations made under this section—

(a)

may provide that any contravention of any provision thereof shall be an offence; and

(b)

may provide for the imposition of penalties which shall not exceed twenty-five thousand ringgit for any offence thereunder.