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The Regulator – Labuan Financial Services Authority (Labuan FSA)
The Regulator – Labuan Financial Services Authority (Labuan FSA)
Labuan Financial Services Authority (Labuan FSA) was established on 15 February 1996 as the statutory body responsible for the development and administration of the Labuan International Business and Financial Centre (Labuan IBFC). Under the Labuan Financial Services Authority Act 1996, Labuan FSA’s key objectives are:
Promoting Labuan IBFC as an international financial hub.
Developing policies and national objectives for the orderly growth of international business and financial services in Labuan.
Regulating and enforcing legal provisions to ensure compliance with international standards and maintaining Labuan’s integrity as a financial center.
Functions of Labuan FSA
Functions of Labuan FSA
Labuan FSA performs several critical functions:
Administering, enforcing, and giving effect to the provisions of Labuan IBFC laws.
Ensuring entities adhere to international standards.
Maintaining Labuan's reputation as a financial center.
Conducting research on financial services.
Recommending improvements to enhance Labuan IBFC as a financial hub.
Collaborating with financial institutions to drive business growth in Labuan IBFC.
Advising the government on financial services matters.
For more comprehensive information about Labuan FSA, visit the Labuan Financial Services Authority site.
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