Labuan Financial Services Authority (Labuan FSA)

The Labuan Financial Services Authority (Labuan FSA), was set up on 15 February 1996 as a single regulatory body to spearhead and coordinate efforts to promote and develop Labuan as an International Business & Financial Centre (IBFC).

Labuan FSA is primarily responsible for the following:

1. To administer, enforce, carry out and give effect to the provisions of the Labuan IBFC laws;
2. To exercise, discharge and perform such powers, duties and functions in accordance with the laws;
3. To maintain the good reputation of Labuan IBFC as an international business and financial centre;
4. To carry out research and commission studies on financial services in Labuan IBFC;
5. To make recommendations for the creation and improvement of facilities to enhance the attraction of Labuan IBFC as a centre for financial services;
6. To collaborate with Labuan financial institutions and industry associations in advancing the development and growth of businesses and financial services in Labuan IBFC;
7. To advise and make recommendations to the government on matters relating to financial services in Labuan IBFC; and
8. To carry out all such activities and undertaken measures to enable appropriate administration of the Authority, or for other purposes as mandated by the Minister.