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NOTIFICATION: Business Restriction on Labuan Licensed Entities
NOTIFICATION
Labuan Financial Services Authority (Labuan FSA) has imposed business restriction on the following Labuan Licensed Entities pursuant to section 193 of the Labuan Financial Services and Securities Act 2010 for non-compliance to minimum capital and/or other regulatory requirements.
Please be advised accordingly.
No.
Financial Institutions
License
1
Best Re (L) Limited
Insurance
2
Montpelier (Labuan) Ltd.
Insurance Broker
3
PAIB Company Limited
Insurance Broker
4
Qays Re Global Limited
Insurance Broker
5
Saba Capital Inc.
Money Broker
6
Capital Hive Ltd
Fund Manager
7
Faramond (Labuan) Ltd
Insurance Broker
8
Avangard Asia Pacific Insurance and Reinsurance Company Ltd
General Insurer
9
Makasky Limited
Money Broker
For further information, please contact:
Corporate Communication & External Relations Unit
Tel : 6087- 591200/215
Fax : 6087-428200
Email: communication@labuanfsa.gov.my
Labuan Financial Services Authority
20 July 2018
Friends of
Labuan IBFC
