Functions of Labuan FSA
Labuan FSA has been entrusted with the following functions:
01.
To administer, enforce, carry out and give effect to the provisions of the Labuan IBFC laws;
02.
To exercise, discharge and perform such powers, duties and functions in accordance with the laws;
03.
To maintain the good reputation of Labuan IBFC as an international business and financial centre;
04.
To carry out research and commission studies on financial services in Labuan IBFC;
05.
To make recommendations for the creation and improvement of facilities to enhance the attraction of Labuan IBFC as a centre for financial services;
06.
To collaborate with Labuan financial institutions and industry associations in advancing the development and growth of businesses and financial services in Labuan IBFC;
07.
To advise and make recommendations to the government on matters relating to financial services in Labuan IBFC; and
08.
To carry out all such activities and undertaken measures to enable appropriate administration of the Authority, or for other purposes as mandated by the Minister.
