An applicant intending to carry on business as a Labuan fund manager in Labuan IBFC shall meet the following eligibility criteria:
- An individual who holds a relevant degree or professional qualification to carry on fund management activities. Labuan FSA may also consider an applicant who is at least a diploma holder with three years’ relevant experience in the capital market or direct experience in fund management activities;
- An approved fund manager or any provider of such services from a country or jurisdiction who is a member of the International Organisation of Securities Commission (IOSCO); or
- A person who does not fulfil items 1 and 2 may also be considered, provided that the fund management activities are run and managed by suitably qualified and experienced individuals.