Section 138
Examination and inspection of books and documents of licensed entities
of Labuan Islamic Financial Services and Securities Act 2010
The Authority may, from time to time—
(a)
examine and inspect the books or other documents, accounts and transactions of any licensed entity; or
(b)
obtain from any licensed entity, require any licensed entity to provide access to the Authority to, or require any licensed entity to furnish, any information or copies of any records, books or other documents relating to the business of such licensed entity being carried on under this Act which, in the opinion of the Authority, are necessary to enable it to ascertain compliance with the provisions of this Act.
(2)
The Authority may approve the home supervisory authority of a licensed entity to conduct the activities in paragraphs (1)(a)
and (b).
Act 705
(3)
Every director or officer of a licensed entity shall extend his co-operation and assistance to the Authority to facilitate any inspection carried out under paragraph (1)(a).