Labuan Financial Services Authority Act 1996 · Updated to 1 Dec 2011 · Part II · The Authority
21. Appeal against decision of disciplinary committee
Official textFrom Laws of Malaysia Online, unchanged
A decision of the disciplinary committee under paragraph 20(2)(a) shall be appealable to the Minister.
committee
“committee” means any committee established by the Authority under subsection 15(1);
A decision of the disciplinary committee under paragraph 20(2)(b) shall be appealable to the Disciplinary Appeal Board which shall consist of the following members:
the Chairman of the Authority, who shall be the chairman of the Disciplinary Appeal Board and having a casting vote; and
three members of the Authority, not being members of the disciplinary committee whose decision is the subject matter of the appeal, to be appointed by the chairman of the Disciplinary Appeal Board with the approval of the
Authority for the purpose of the appeal.
The Minister or the Disciplinary Appeal Board, as the case may be, may confirm, reverse or vary the decision of the disciplinary committee.
Minister
“Minister” means the Minister for the time being charged with the responsibility for finance;
When the Disciplinary Appeal Board considers an appeal under subsection (2), a member of the disciplinary committee against whose decision the appeal is made who is also a member of the
Authority shall not be present or in any way participate in any proceedings relating to that appeal.
Authority
“Authority” means the Labuan Financial Services Authority established under section 3;
The decision of the Minister or the Disciplinary Appeal
Board under subsection (3) shall be final and conclusive.
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Labuan financial services
“Labuan financial services” means any service provided by any person under any of the laws specified in the Schedule;
Terms defined in s 2
Authority
Defined · s 2“Authority” means the Labuan Financial Services Authority established under section 3;
committee
Defined · s 2“committee” means any committee established by the Authority under subsection 15(1);
Labuan financial services
Defined · s 2“Labuan financial services” means any service provided by any person under any of the laws specified in the Schedule;
Minister
Defined · s 2“Minister” means the Minister for the time being charged with the responsibility for finance;