Section 3
of Labuan Financial Services Authority Act 1996
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Section 3
(2)
The objectives of the Authority are—
10 Laws of Malaysia ACT 545
(a)
to promote and develop Labuan as an international centre for business and financial services;
(b)
to develop national objectives, policies and priorities for the orderly development and administration of the international business and financial services in Labuan;
and
(c)
to act as the central regulatory, supervisory and enforcement authority of the international business and financial services industry in Labuan.