Section 130
of Labuan Islamic Financial Services and Securities Act 2010
Section 130
Each Islamic securities licensee and, fund manager regulated under Part IV, shall appoint qualified persons to their respective internal Syariah advisory board, and such Islamic securities licensee and fund manager regulated under Part IV shall notify the Authority in writing of such appointment.
(2)
Notwithstanding the appointment under subsection (1), the Authority shall reserve the power at any time subsequent to such appointment to require any Islamic securities licensee or, fund manager regulated under Part IV, by way of notification in writing to such Islamic securities licensee or fund manager, to replace any member of the internal Syariah advisory board of such Islamic securities licensee or fund manager with another qualified person to the satisfaction of the Authority.
Labuan Islamic Financial Services and Securities 135
Syariah Adviser for Labuan Islamic trusts, Labuan Islamic foundation, Labuan Islamic limited partnership or Labuan