Labuan Islamic Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part XII · General
157. Power of the Minister to issue directions
Feedback & support(1)
The Minister may, on the written recommendation of the Authority, issue by notification in the Gazette, a direction—
(a)
prohibiting the formation of any business or activities, including any class of business or activities thereof; or
(b)
directing any licensed entity, to cease to carry on its business or part of its business either immediately or within such time as may be specified in the direction.
(2)
A direction made under this section may be revoked or varied by the Minister.