Legislation
The legal framework of Labuan IBFC consists of eight Acts that empower Labuan FSA and establish the framework for the establishment of all Labuan entities involved. In addition to these Acts, subsidiary legislation under the Labuan laws includes Orders and Regulations, which carry legislative weight and complement the principal legislation. These regulations further govern business activities within Labuan IBFC.
8 Major Acts:
- Labuan Limited Partnerships and Limited Liability Partnerships Act 2010 (Act 707)
- Labuan Financial Services and Securities Act 2010 (Act 704)
- Labuan Financial Services and Securities (Amendment) Act 2022 (Act A1654)
- Labuan Companies Act 1990 (Act 441)
- Labuan Companies (Amendment) Act 2022 (Act A1653)
- Labuan Islamic Financial Services and Securities Act 2010 (Act 705)
- Labuan Islamic Financial Services and Securities (Amendment) Act 2022 (Act A1655)
- Labuan Foundations Act 2010 (Act 706)
- Labuan Business Activity Tax Act 1990 (Act 445)
New Gazette PUA:
- PUA 388 Labuan Financial Services and Securities (Amendment) Regulations 2023
- PUA 389 Labuan Islamic Financial Services and Securities (Amendment) Regulations 2023
- PUA 423 Labuan Business Activity Tax (Labuan Business Activity) Regulations 2021
- PUA 482 Labuan Business Activity Tax (LITC Substance) Regulations 2021
Guidelines
Labuan FSA issues market guidance to facilitate the application process for Labuan entities. This guidance includes detailed explanations and clarifications of the rules governing the business and conduct of such entities.
Guidelines on External Service Arrangements for Labuan Financial Institutions
Guidelines on Digital Governance Framework
Guiding Principles on Business Continuity Management
Guidelines on the Establishment of Labuan Marketing Office
Guidelines on Technology Management
Guidelines on Market Conduct for Labuan Digital Financial Intermediaries
Directive on Accounts and Record-Keeping Requirement for Labuan Entities
Guidelines on Work Permit Application In Labuan IBFC For Licensed and Non-Licensed Entities
Guidelines on Entry Criteria for Labuan Bank
Guidelines on the Establishment of Labuan Investment Banking Business in Labuan IBFC
Labuan Digital Banking Framework
Guidelines on Technology and Cyber Risk Management for Labuan Banking & Insurance Business
Guidelines on Corporate Governance for Labuan Banks and Labuan (Re)Insurers
Guidelines on Application for Labuan Insurance and Insurance-Related Activities
Guidelines on Captive Insurance Business in Labuan IBFC
Guidance Note on Professional Services of Labuan Insurance and Underwriting Managers
Guidelines on the Conduct and Roles of Labuan Insurance and Takaful Brokers
Guidelines on Permissible Life Insurance Business with HNWIs
Guidelines on Investment Management for Labuan Insurance & Takaful Business
Guidelines on Corporate Governance for Labuan Insurance and Insurance-Related Companies
Guidelines on Technology and Cyber Risk Management for Labuan Banking & Insurance Business
Guidelines on Corporate Governance for Labuan Banks and Labuan (Re)Insurers
Guidelines on the Establishment of Labuan Fund Manager
Guidelines on the Establishment of Labuan Securities Licensee
Guidelines on Labuan Securities Token Offering
Guidelines on the Establishment of Labuan Mutual Funds
Clarification Note for Guidelines on the Establishment of Labuan Mutual Funds
Notification Requirement for the Issuance of Debentures and Sukuk in Labuan IBFC
Guidelines on the Establishment of Labuan Company Management Business in Labuan IBFC
Guidelines on Carrying Out Factoring Business in Labuan
Guidelines on Money Broking Business in Labuan IBFC
Guidelines on the Establishment and Operations of Labuan Leasing Business
Guidelines on Prescribed Labuan Business Activities for non-licensed trading entities
Choose FAA Advisory as your trusted partner in navigating the dynamic business landscape of Asia. With our commitment, we are your gateway to success in Labuan and beyond. Let us be a part of your business journey.
Email: advisory@finarkasia.com
Disclaimer: These guidelines are subject to update from time to time. Please consult with our advisors for the latest update.