A mutual fund or fund means a Labuan company, a corporation incorporated under the laws of any recognised country or jurisdiction, a partnership, a protected cell company, a foundation or a unit trust which:
Two types of funds are prescribed under the Labuan Financial Services and Securities Act 2010, namely private funds and public funds.
Private funds are mutual funds:
Islamic private funds are private funds with similar definition to the above and are in compliance with Shariah principles.
Labuan public funds are those whose securities are offered for subscription to any members of the general public.
No public fund shall carry on business in or from within Labuan unless it has been registered under Section 33(1)(a) of the Labuan Financial Services and Securities Act 2010 (LFSSA) or in the case of an Islamic public fund, Section 38(1)(a) of the Labuan Islamic Financial Services and Securities Act 2010 (LIFSSA). The annual fee payable is RM2,000 (USD600).