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Labuan International Financial Exchange Inc., the
company that operates LFX, the Exchange, is governed
by the Offshore Companies Act (OCA) 1990 and its Memorandum
& Articles of Association (M&A).
The
Exchange is governed by the Labuan Offshore Securities
Industry Act (LOSIA) 1998 and its Rules and Regulations.
The
Labuan Offshore Financial Services Authority (LOFSA)
as established under the Labuan Offshore Financial
Services Authority Act – 1996 is the custodian for
all the acts mentioned.
The objectives of its establishment are:-
To promote and develop Labuan as a centre for international business financial services; and
To develop national objectives, policies and priorities for the orderly development and administration of international business financial services in Labuan.
LFX
is a self-regulatory organisation that will operate,
manage, monitor and supervise its own market participants
by way of its Licences, Rules and Regulations.
LFX
adopts a Disclosure Based Regime in respect of its
listing operations.
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