Labuan IBFC is well supported by a comprehensive, modern and internationally-recognised legal framework, which provides clear legal provisions and industry guidelines enforced by Labuan FSA. Labuan IBFC's legal framework comprises eight Acts which empower Labuan FSA and provide for the legal establishment of Labuan entities operating in the Centre. Subsidiary legislation of the Labuan laws comprise Orders and Regulations made under the respective Labuan laws, which have a legislative effect and are to be read together with the principal legislation.