Labuan IBFCB’s business operations, policy remain unchanged | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 86%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

LABUAN, April 13 — The Labuan Financial Services Authority (Labuan FSA) has reassured its license holders, intermediaries, advisors and the general marketplace that the recent changes to its personnel — both at the operational level as well as its board — will not affect its day-to-day...

LABUAN, April 13 — The Labuan Financial Services Authority has reassured its license holders, intermediaries, advisors and the general marketplace that the recent changes to its personnel — both at the operational level as well as its board — will not affect its day-to-day operations.

The central regulatory, supervisory and enforcement authority of the international business and financial services industry in Labuan said its director-general, Datuk Danial Mah Abdullah, and chairman, Datuk Azizan Abdul Rahman have resigned from their posts on April 9 and April 12, respectively. In a statement to Bernama today, Labuan FSA said measures have been put in place with regards to the succession in the management roles, as evidenced by the appointment of Datuk Iskandar Mohd Nuli as acting director-general.

“Additionally, there will be no changes to the senior management of the regulator, allowing for business continuity. “There will also be no changes to its market development subsidiary, Labuan IBFC Inc, which will continue to work with stakeholders towards ensuring the continued growth of the jurisdiction,” it said, adding that it is currently liaising with the Ministry of Finance on the appointment of the next director-general and chairman. — Bernama

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines