Labuan Islamic Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Chapter 3
39. Registration procedure
Feedback & supportWhere the Authority grants registration of an Islamic public fund under paragraph 38(1)(a), it shall—
register the Islamic public fund in the register maintained under Chapter 6 of this Part; and
issue a certificate of registration to the Islamic public fund.
Where the Authority grants a provisional acceptance under paragraph 38(1)(b), the promoter of the proposed Islamic public fund shall, before the expiry of the provisional acceptance period or renewed provisional acceptance period deliver to the Authority—
promoter
“promoter”, in relation to a prospectus issued by or in connection with a Labuan company, means a promoter of the company who was a party to the preparation of the prospectus or any relevant portion thereof, but does not include any person by reason only of his acting in a professional or advisory capacity;
the provisional acceptance of the Authority;
proof satisfactory to the Authority that the proposed
Islamic public fund is lawfully constituted in Labuan or any recognized country or jurisdiction; and
the information referred to in subsection 37(1).
If the Authority is satisfied that the proposed Islamic public fund referred to in subsection (2) has complied with the requirements of that subsection, it may grant registration to the
Islamic public fund
“Islamic public fund” means an Islamic mutual fund other than an Islamic private fund;
Islamic public fund.
Where the Authority grants registration under subsection (3), it shall register the Islamic public fund in the register maintained under Chapter 6 of this Part and issue a certificate of registration.