Labuan Financial Services Authority (Labuan FSA), established on 15 February 1996, under the Labuan Financial Services Authority Act 1996, is the statutory body entrusted with the development and administration of the Labuan International Business and Financial Centre (Labuan IBFC). Labuan FSA’s core objectives include promoting Labuan as a global hub for business and financial services, setting national priorities for the orderly growth of international business in Labuan, and serving as the central regulatory authority for Labuan’s international business sector.
As the regulatory authority, Labuan FSA oversees the licensing and regulation of entities within Labuan IBFC, ensuring adherence to local laws and international standards. It develops regulatory policies to promote the efficient operation of business and financial services in Labuan IBFC. The introduction of the online registry system, including myLOFSA I and myLOFSA II, marks a significant milestone. The newly enhanced COR@L, or “Corporate Online Registry at Labuan FSA”, represents an innovative online platform providing secure and real-time access. Utilizing the latest registry technology, Labuan FSA has consistently invested in cutting-edge systems, underscoring its dedication to meeting the evolving demands of Labuan IBFC’s dynamic business environment.
With unwavering commitment, Labuan FSA has secured certification from both SIRIM QAS International and IQNet, affirming its adherence to ISO/IEC 27001:2013 standards for Information Security Management Systems. These certifications underscore Labuan FSA’s steadfast dedication to upholding stringent security measures for safeguarding the industry’s data assets.