Labuan Financial Services Authority Act 1996 · s 28C

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 28CExamination

(1)

The Director General or any person authorized by the

Authority shall, for the purposes of administering, enforcing, carrying out and giving effect to the provisions of this Act or the laws specified in the Schedule, have the power—

(a)

to request, inquire, examine and inspect; or

(b)

to make copies of or take extracts from, any record, report or document from any Labuan financial institution or any corporation related to any Labuan financial institution.

(2)

Any Labuan financial institution who fails to comply with this section shall be guilty of an offence and shall be liable on conviction to a fine not exceeding one million ringgit or to imprisonment for a term not exceeding three years or to both.

34 Laws of Malaysia ACT 545