Labuan Financial Services Authority(Labuan FSA)

Labuan Financial Services Authority (Labuan FSA) was established on 15 February 1996 under the Labuan Financial Services Authority Act 1996. Labuan FSA is the statutory body responsible for the development and administration of the Labuan International Business and Financial Centre (Labuan IBFC). The key objectives of Labuan FSA are to: Promote and develop Labuan as an international centre for business and financial services; Develop national objectives, policies and priorities for the orderly development and administration of international business and financial services in Labuan; and Act as the central regulatory, supervisory and enforcement authority of the international business and financial services industry in Labuan. Labuan FSA licenses and regulates licensed entities operating within Labuan IBFC and to ensure all such entities remain in compliance with the Labuan laws and regulations and adhere to the international standards, which are adopted by the jurisdiction. Labuan FSA develops regulatory policies to ensure orderly conduct of business and financial services in Labuan IBFC.