Labuan Financial Services Authority Act 1996 · Updated to 1 Dec 2011
28C. Examination
Official textFrom Laws of Malaysia Online, unchanged
The Director General or any person authorized by the
Director General
“Director General” means the Director General appointed under section 5;
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—
Authority
“Authority” means the Labuan Financial Services Authority established under section 3;
to request, inquire, examine and inspect; or
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.
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.
Labuan financial institution
“Labuan financial institution” means any person— (a) providing Labuan financial services; or (b) incorporated, registered or established under the laws specified in the Schedule;
34 Laws of Malaysia ACT 545
Terms defined in s 2
Authority
Defined · s 2“Authority” means the Labuan Financial Services Authority established under section 3;
corporation
Defined · s 2“corporation” means any body corporate formed or incorporated or existing within Malaysia or outside Malaysia and includes any foreign Labuan company as defined in the Labuan Companies Act 1990 but does not include— (a) any corporation sole; (b) any trade union registered under any written law; and (c) any society registered under any written law relating to co-operative societies;
Director General
Defined · s 2“Director General” means the Director General appointed under section 5;
Labuan financial institution
Defined · s 2“Labuan financial institution” means any person— (a) providing Labuan financial services; or (b) incorporated, registered or established under the laws specified in the Schedule;