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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.

These entities are not allowed to carry out their respective licensed activities until the issues of non-compliances are resolved.


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

Avangard Asia Pacific Insurance and Reinsurance Company Ltd

General Insurer

8

Makasky Limited

Money Broker

9

One Capital Group Inc.

Securities Licensees

For further information, please contact:
Corporate Communication & External Relations Unit
Tel : 6087-591 200/215
Fax : 6087-428 200
Email: communication@labuanfsa.gov.my

Labuan Financial Services Authority
26 October 2018
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