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Frequently
Asked Questions
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- How
would information from LFX be disseminated?
All
information pertaining to LFX will be disseminated
through its website at www.lfx.com.my. Meanwhile,
all Trading Agents/Listing Sponsors will have
on-line access to the necessary information.
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Are there any plans to allow members of the Exchange
to become shareholders?
LFX
is not a members' Exchange. However, major market
participants may be considered to become shareholders
in the future.
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- What
are the tax incentives and exemptions available?
Amongst
the various tax incentives and exemptions offered
by the authorities are:
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- What
is the difference between LFX's and MESDAQ's Rules?
LFX
is set up to complement the various offshore financial
services available in Labuan. As such, LFX is
not meant to compete with MESDAQ and consequently,
LFX is not considered as an alternative to MESDAQ.
LFX does not intend to benchmark itself against
MESDAQ but instead will be benchmarking itself
against other offshore exchanges.
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- Is
it simpler to list on LFX than on MESDAQ?
Being
an offshore exchange and using other offshore
exchanges as the benchmark, LFX listing requirements
were formulated to achieve simplicity in operations
without compromising on issues such as due diligence,
investor confidence and confidentiality.
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- Are
there any other sources of information apart from
LFX's website?
We
are constantly updating our website with current
and relevant information. Should you require further
information, please feel free to contact us.
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- What
is the target market of LFX? Is it aiming to market
to the region? Will it focus on a niche market e.g.
Islamic products?
The
primary target, with respect to issuers, is the
securities/financial instruments of Malaysian
companies and entities that are listed in other
jurisdictions. LFX aims to bring these back to
Malaysia.
LFX intends to be the platform for the International Islamic Financial Market (IIFM) initiative promoted by LOFSA in trying to develop Labuan IBFC as the Islamic Financial market. It is envisaged that these Islamic financial instruments will be listed on LFX.
LFX will cater for companies that require listing
for compliance purposes. Listing in LFX is not
hampered by restrictions imposed on the onshore
market.
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- Is
LFX modelled after any particular Exchange?
LFX
was formed after a comprehensive study was performed on other similar offshore exchanges. The business process of LFX is based after considering all the strong points of all these exchanges. It would not be wrong to say that LFX is a unique exchange although there are bound to be similarities with other offshore exchanges.
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