Media &
 Investor Alert
For media contact details and an archive of press release, speeches and regulator updates.
Labuan Financial Services Authority Signed a Mou with Jersey Financial Services Commission
Press Releases
ANNOUNCEMENT
 
  
LABUAN FINANCIAL SERVICES AUTHORITY SIGNED A MOU WITH JERSEY  
FINANCIAL SERVICES COMMISSION
The Labuan Financial Services Authority (Labuan FSA) entered into a Memorandum of Understanding on cooperation with the Jersey Financial Services Commission (JFSC) in September 2014.
 
JFSC is a statutory body established under the Financial Services Commission Law of Jersey, responsible for the supervision of the financial services providers in Jersey.   
 
The MoU with JFSC is significant to Labuan IBFC as Labuan FSA is placing a high priority to strengthen the regulation and supervision of cross-border financial activities in the Labuan IBFC. The initiative reflects each authority’s commitment to cooperate in relation to prudential oversight, investigation and exchange of information to ensure efficient and effective supervision of financial institutions in the two jurisdictions. The MoU also extends cooperation of the two authorities in the areas of training and staff development as well as research and development.
 
The MOU was signed on behalf of Labuan FSA by its Director-General, Mr. Ahmad Hizzad Baharuddin and the Mr. John Harris, Director-General of JFSC.
    
 
Labuan Financial Services Authority 
13 October 2014  

FOR FURTHER INFORMATION, PLEASE CONTACT:

Corporate Communication & External Relations Unit
Tel: 087-591200 
Fax: 087-428200
Friends of
Labuan IBFC
We would like to hear from you
Copyright © labuan ibfc
Ooops!
Generic Popup