The issuance of the GP is intended to enhance the overall resilience of Labuan financial institutions (LFIs) against major disruptions which may impact their business operations. This has become more pertinent recently arising from the Covid-19 pandemic outbreak. In order to facilitate LFIs’ better understanding on the regulatory expectations which are embedded within the GP, we have also prepared the Frequently-Asked Questions (FAQs) as a guidance and reference.
Copies of the GP and FAQs are attached for your reference. Should you need further clarification on the above, please do not hesitate to contact us.