Section 39
Savings and transitional
of Labuan Financial Services Authority Act 1996
(2)
All regulations, instructions, directions, orders or decisions made by the Minister responsible for the Offshore Companies Act 1990 and the Labuan Trust Companies Act 1990 under those Acts existing before the commencement of this Act shall be deemed to have been made by the Minister charged with the responsibility for finance unless amended or revoked or until the date upon which they expire.
(3)
All applications, approvals or decisions pending before the
Registrar or the Bank, as the case may be, under any law relating to offshore financial services shall, upon the commencement of this Act, be dealt with by the Authority.
64 Laws of Malaysia ACT 545
(4)
All applications, approvals or decisions pending before the
Minister responsible for the Offshore Companies Act 1990 and the
Labuan Trust Companies Act 1990 under those Acts shall, upon the commencement of this Act, be dealt with by the Minister charged with the responsibility for finance.
(5)
All instruments, certificates or documents lodged with the
Registrar or the Bank, as the case may be, under any law relating to offshore financial services before the commencement of this Act shall, upon the commencement of this Act, be deemed to be lodged with the Authority.
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