Section 57
Application for licence
of Labuan Islamic Financial Services and Securities Act 2010
An application to the Authority to carry on business as an Islamic securities licensee under this Part shall be made in writing by or on behalf of the applicant to the Authority.
(2)
An application for a licence shall be—
(a)
made in such form as may be specified by the Authority;
and
(b)
accompanied by—
(i)
an application fee as may be prescribed;
(ii)
particulars of the financial and human resources and administrative facilities available to the applicant for the competent and efficient conduct of its business;
(iii)
a statement on the following:
(aa) the address of the applicant’s place of business and its address for service relating to Labuan;
(bb) the name and address of a person in
Labuan who is authorized to represent the applicant and to accept service on its behalf; and
(cc)
the address of the applicant’s place of business outside Labuan;
Act 705
(iv)
a statement to the effect that the applicant has declared its compliance with the *Anti-Money
Laundering and Anti-Terrorism Financing Act 2001
[Act 613] and shall ensure that it shall update its policies and procedures periodically so as to comply with its requirements; and
(v)
such other information or documents as the
Authority may reasonably require for the purpose of determining the application.