Laws
Labuan Financial Services Authority Act 1996
Part III
s 35

In forceUpdated to 1 Dec 2011Current version · Updated to 1 Dec 2011Read it in Bahasa Malaysia

Contents

Labuan Financial Services Authority Act 1996

Find in this Act

IPreliminary

1Short title and commencement
2Interpretation

IIThe Authority

3The Authority and its objectives
4Functions and powers of the Authority
4APower to issue guidelines
4BPower to issue directions
4CPower to publish information
5Membership of the Authority
6Tenure of office
7Resignation and revocation
8Vacation of office
9Power of the Minister to give directions and require information
10Subject to this Act and the approval of the Minister, the Authority shall determine its own procedure. 16 Laws of Mala
11Authority may invite others to meetings
12Remuneration or allowance
13Common seal
14Delegation of Authority’s function or powers
15Authority may establish committees
16Minutes
17Disclosure of interest
17APreservation of secrecy
18Appointment of officers and servants of the Authority
18AEstablishment of staff welfare fund
19Power to grant loans and make advances to its officers and servants
20Disciplinary committees
21Appeal against decision of disciplinary committee
22Power to make disciplinary regulations
23Imposition of surcharge
24Notification of surcharge
25Withdrawal of surcharge
26Recovery of surcharge
27Composition of the Authority in special cases
28Public servants
28AInterpretation in relation to Part IIA
28BSubmission of information

28CExamination
28DAppointment of investigating officer, powers, functions and duties
28E(1) Where an investigating officer is satisfied, or has reason to suspect, that a person has committed any offence under this Act or the la...
28FPower to examine persons
28GSearch of a person
28HObstruction to exercise of powers by an investigating officer
28ITipping off
28JAdmissibility of statements by accused persons
28KAdmissibility of statements and documents of persons who are dead or cannot be traced
28LAdmissibility of translation of documents
28MEvidence taken in foreign states
28NAdmissibility of statements
28OProtection of informers
28PAssistance to other authority

IIIFinance

29The Fund
30The Fund shall be expended for the purpose of— 50 Laws of Malaysia…
31Conservation of Fund
32Levies
32APower to impose and collect fee
33Accounts and reports
34Power to borrow
35Investment

IVGeneral

36Protection against suit and legal proceedings
36ARepresentation in civil proceedings
36BCompounding of offences
36CLiability of director, officer, controller, etc.
36D(1) Any person authorized by the Authority may, with the written authorization of the Public Prosecutor, prosecute in any court any case in...
36EApplication for winding up
36FAdditional monetary punishment
36GPower to impose administrative penalties
36HInjunctions or other relief
36ISpecial audit
37Power to make regulations
38Power of the Minister to make modifications
38APower to amend Schedule
38BService of documents on Labuan financial institutions
38CPublic Authorities Protection Act 1948
38DConflict between laws
38EProcedure where none laid down
39Savings and transitional

Schedules

1. Labuan Companies Act 1990 2. Labuan Business Activity Tax Act 1990 3. Labuan Trusts Act 1996 4. Labuan Fou...

Labuan Financial Services Authority Act 1996 · Updated to 1 Dec 2011 · Part III · Finance

35. Investment

No plain-English summary for s 35 yet. See the rest of this law

Official textFrom Laws of Malaysia Online, unchanged

The moneys of the Authority shall, in so far as they are not required to be expended by the Authority under this Act, be invested in such manner as the Authority deems fit.

Authority

Defined · s 2

“Authority” means the Labuan Financial Services Authority established under section 3;

Open s 2

Labuan Financial Services Authority 53

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;

Open s 2

Terms defined in s 2

Authority
Defined · s 2
“Authority” means the Labuan Financial Services Authority established under section 3;
Open s 2
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;
Open s 2

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Part IV

General

Read on from Part IV

Schedules

Details

Labuan Financial Services Authority Act 1996 · s 35

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Where this comes from

Laws of Malaysia Online · Labuan Financial Services Authority Act 1996, Updated to 1 Dec 2011. Reader record updated on 2 Oct 2026.

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