Author Archives: ROC

PAYMENT OF NON-COR@L APPLICATION VIA LEPAY

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Labuan FSA has introduced a new payment method which allow Labuan Trust Company (LTC) to make payment for application via online banking.

Affected applications are as follows:-

List of Processing Fee 2020

Effective 01 July 2020, please make payment via LEPAY.

Important note: Prior approval from Authority is needed before proceeding with any fast track application.

LEPAY User Guide 2020

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Link

We are pleased to announce the COR@L search feature are now open for public usage. This new feature allows the ability to search the status of Labuan Companies and Partnerships in real-time mode.

You may access REEFS from the following link:
https://www.lfsacoral.gov.my/reefs/

 

Temporary Relief Measures for Filing A New Incorporation of Company in COR@L

Malaysia’s nationwide movement control order (MCO) to stem the spread of the COVID-19 have been extended from March 31 to April 14. As such, all the commissioner for oaths offices will remain closed during this period.

Trust Company may continue to submit their filing of application with unattested Form 6 Statutory Declaration of Compliance (SD) pertaining to new incorporation  or any documentation that requires any form of attestation in COR@L system. Please attach the Letter of Undertaking as part of lodgement as an assurance that you will fulfill the obligation to file the signed attestation SD by a Commissioner for Oaths within two weeks after the end of MCO.

Labuan FSA has agreed to accept the signed copy of the SD without imposing any fee charges.

Please be informed that this special exemption is only valid during the MCO.

Please send your enquiry to ROC@labuanfsa.gov.my should you have any further clarification.

Kindly be guided accordingly on this temporary measure and thank you for your kind cooperation

Clarification Note from Authorization and Licensing Unit of Labuan FSA on the Notice of Closure of Labuan FSA’s Office Premises

 

Dear Sirs,

We refer to our notice of closure dated today. In this regard, Authorization and Licensing Unit (ALU) (formerly known as Business Operations Unit) of Labuan FSA  wishes to clarify the following :

  1. For licence application, please submit the scan copy of the application together with the proof of payment of processing fee to doreen@labuanfsa.gov.my and cc to licensing@labuanfsa.gov.my;
  2. For operational applications such as appointment of Directors/Principal Officer/Trust Officer, request for extension of time, subsequent leasing transaction, change of business plan or other applications which required approval under Labuan Financial Services and Securities Act 2010 / Labuan Islamic Financial Services and Securities Act 2010, please submit the scan copy of the application together with the proof of payment of processing fee to doreen@labuanfsa.gov.my and cc to licensing@labuanfsa.gov.my.
  3. For work permit application (new and renewal), please submit the scan copy of the documents and proof of payment to doreen@labuanfsa.gov.my and cc to licensing@labuanfsa.gov.my.
  4. All approvals/correspondences  from Labuan FSA will be emailed to players and the original copies can be collected at Labuan FSA’s office from 1 April 2020.
  5. During this period, fast track application will be suspended.
  6. Any request for meeting / discussion will be done through Skype / Zoom.
  7. All ALU’s officers can be contacted during working hours (8.30am to 5.30pm). Any issue, kindly contact the following officers:

– Doreen Fadli (087-591391)
– Nor Mohamad Haniff (087-591356)
– Teo Shau Ting (03-27803386)
– Aslinah Amir (087-591363)
– Siti Nur Hafizah (087-591327)
– Imran Razali (087-591311)
– Mahadi Mokhtar (087-591316)

Kindly be guided accordingly on this temporary measure and thank you for your kind cooperation.

The Implementation of the Movement Control Order

ROC Unit has prepared the necessary steps and arrangement internally to avoid business interruption and in the same ensuring regulatory compliance is met in the duration of the 14-day “restricted movement” as per announced by the government.

ROC Unit will have a continuous operation and communication during the duration of the control order between March 18 and 31 March 2020, amid the ongoing government effort to stem the spread of COVID-19.

The entire ROC Unit will be working under the normal working hours to make sure that COR@L business services remain unimpeded.

Due to restrictive access to Labuan FSA office, other services like third party company search and ROC’s pigeon hole are not available during the period.

ROC Unit also would like to advise all trust companies to make the payment online for any other relevant applications as manual submission of cheque is temporarily suspended.

In case of compliance difficulties, approaches should be made to ROC Unit as early as practicable.

Please check regularly COR@L page for announcements.

 

ROC Unit

17 March 2020