Labuan Islamic Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part XII · General
123. Appeals
Feedback & supportAny person who is aggrieved by the decision of the
Authority to refuse an application for a licence or registration or revoke a licence or registration under this Act, may, within thirty days of the decision being notified to him, appeal to the
Authority in writing.
The Authority shall, after considering the appeal under subsection (1), make a final decision and shall notify the applicant in writing of its decision.
An applicant who is aggrieved by the decision of the
Authority under subsection (2), may within thirty days of the decision being notified to him, appeal to the Minister in writing who may confirm, vary or reverse the decision, and whose decision shall be final.
For the avoidance of doubt, an appeal made under subsections (1) and (3), does not suspend the decision being appealed against.