LABUAN FINANCIAL SERVICES AUTHORITY ACT 1996

Elevate your legal practice with advanced AI-driven research and drafting solutions. Experience unmatched efficiency, precision, and security, tailored exclusively for legal professionals.

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

1 PART I PRELIMINARY-1. Short title, and commencement.

2 PART I PRELIMINARY-2. Interpretation.

3 PART II THE AUTHORITY-3. The Authority and its objectives.

4 PART II THE AUTHORITY-4. Functions and powers of the Authority.

4A PART II THE AUTHORITY-4A. Power to issue guidelines.

4B PART II THE AUTHORITY-4B. Power to issue directions.

4C PART II THE AUTHORITY-4C. Power to publish information.

5 PART II THE AUTHORITY-5. Membership of the Authority.

6 PART II THE AUTHORITY-6. Tenure of office.

7 PART II THE AUTHORITY-7. Resignation and revocation.

8 PART II THE AUTHORITY-8. Vacation of office.

9 PART II THE AUTHORITY-9. Power of the Minister to give directions and require information.

10 PART II THE AUTHORITY-10. Authority to determine its own procedure.

11 PART II THE AUTHORITY-11. Authority may invite others to meetings.

12 PART II THE AUTHORITY-12. Remuneration or allowance.

13 PART II THE AUTHORITY-13. Common seal.

14 PART II THE AUTHORITY-14. Delegation of Authority's function or powers.

15 PART II THE AUTHORITY-15. Authority may establish committees.

16 PART II THE AUTHORITY-16. Minutes.

17 PART II THE AUTHORITY-17. Disclosure of interest.

17A PART II THE AUTHORITY-17A. Preservation of secrecy.

18 PART II THE AUTHORITY-18. Appointment of officers and servants of the Authority.

18A PART II THE AUTHORITY-18A. Establishment of staff welfare fund.

19 PART II THE AUTHORITY-19. Power to grant loans and make advances to its officers and servants.

20 PART II THE AUTHORITY-20. Disciplinary committees.

21 PART II THE AUTHORITY-21. Appeal against decision of disciplinary committee.

22 PART II THE AUTHORITY-22. Power to make disciplinary regulations.

23 PART II THE AUTHORITY-23. Imposition of surcharge.

24 PART II THE AUTHORITY-24. Notification of surcharge.

25 PART II THE AUTHORITY-25. Withdrawal of surcharge.

26 PART II THE AUTHORITY-26. Recovery of surcharge.

27 PART II THE AUTHORITY-27. Composition of the Authority in special cases.

28 PART II THE AUTHORITY-28. Public servants.

28A PART IIA ENFORCEMENT POWERS AND PRESERVATION OF INFORMATION-28A. Interpretation in relation to Part IIA.

28B PART IIA ENFORCEMENT POWERS AND PRESERVATION OF INFORMATION-28B. Submission of information.

28BA PART IIA ENFORCEMENT POWERS AND PRESERVATION OF INFORMATION-28BA. Power to report suspected offence and adverse conditions.

28C PART IIA ENFORCEMENT POWERS AND PRESERVATION OF INFORMATION-28C. Examination.

28D PART IIA ENFORCEMENT POWERS AND PRESERVATION OF INFORMATION-28D. Appointment of investigating officer, powers, functions and duties.

28E PART IIA ENFORCEMENT POWERS AND PRESERVATION OF INFORMATION-28E. Powers of entry, search and seizure.

28F PART IIA ENFORCEMENT POWERS AND PRESERVATION OF INFORMATION-28F. Power to examine persons.

28G PART IIA ENFORCEMENT POWERS AND PRESERVATION OF INFORMATION-28G. Search of a person.

28H PART IIA ENFORCEMENT POWERS AND PRESERVATION OF INFORMATION-28H. Obstruction to exercise of powers by an investigating officer.

28I PART IIA ENFORCEMENT POWERS AND PRESERVATION OF INFORMATION-28I. Tipping off.

28J PART IIA ENFORCEMENT POWERS AND PRESERVATION OF INFORMATION-28J. Admissibility of statements by accused persons.

28K PART IIA ENFORCEMENT POWERS AND PRESERVATION OF INFORMATION-28K. Admissibility of statements and documents of persons who are dead or cannot be traced.

28L PART IIA ENFORCEMENT POWERS AND PRESERVATION OF INFORMATION-28L. Admissibility of translation of documents.

28M PART IIA ENFORCEMENT POWERS AND PRESERVATION OF INFORMATION-28M. Evidence taken in foreign states.

28N PART IIA ENFORCEMENT POWERS AND PRESERVATION OF INFORMATION-28N. Admissibility of statements.

28O PART IIA ENFORCEMENT POWERS AND PRESERVATION OF INFORMATION-28O. Protection of informers.

28P PART IIA ENFORCEMENT POWERS AND PRESERVATION OF INFORMATION-28P. Assistance to other authority.

29 PART III FINANCE-29. The Fund.

30 PART III FINANCE-30. Expenditure to be charged on the Fund.

31 PART III FINANCE-31. Conservation of Fund.

32 PART III FINANCE-32. Levies.

32A PART III FINANCE-32A. Power to impose and collect fee.

33 PART III FINANCE-33. Accounts and reports.

34 PART III FINANCE-34. Power to borrow.

35 PART III FINANCE-35. Investment.

36 PART IV GENERAL-36. Protection against suit and legal proceedings.

36A PART IV GENERAL-36A. Representation in civil proceedings.

36AA PART IV GENERAL-36AA. Additional powers of the Authority.

36B PART IV GENERAL-36B. Compounding of offences.

36C PART IV GENERAL-36C. Liability of director, officer, controller, etc.

36D PART IV GENERAL-36D. Power to prosecute offences.

36E PART IV GENERAL-36E. Application for winding up.

36F PART IV GENERAL-36F. Additional monetary punishment.

36G PART IV GENERAL-36G. Power to impose administrative penalties.

36H PART IV GENERAL-36H. Injunctions or other relief.

36I PART IV GENERAL-36I. Special audit.

37 PART IV GENERAL-37. Power to make regulations.

38 PART IV GENERAL-38. Power of the Minister to make modifications.

38A PART IV GENERAL-38A. Power to amend Schedule.

38B PART IV GENERAL-38B. Service of documents on Labuan financial institutions.

38C PART IV GENERAL-38C. Public Authorities Protection Act 1948.

38D PART IV GENERAL-38D. Conflict between laws.

38E PART IV GENERAL-38E. Procedure where none laid down.

39 PART IV GENERAL-39. Savings and transitional.

Enter the Future of Legal Excellence with SupremeToday AI