Section 40
Prospectus relating to Islamic public fund
of Labuan Islamic Financial Services and Securities Act 2010
ActIn forceProvision 40 of 161
Section 40
(1)
No registered Islamic public fund shall, in or outside
Labuan, make an offer of securities unless prior to such offer it has lodged a prospectus with the Authority in accordance with the prospectus requirements under section 16.
Labuan Islamic Financial Services and Securities 61
(2)
For the avoidance of doubt, the civil and criminal liabilities for misstatements in prospectuses provided for under sections 19
and 20 shall equally apply to a prospectus lodged under this section.