| 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 :-
(a) collects and pools funds for the purpose of collective investment with the aim of spreading investment risk; and
(b) issues interests in a mutual fund which entitles the holder to redeem his investments that is agreed upon by the parties and received an amount computed by reference to the value of a proportionate interest in the whole or part of the net assets of the aforesaid types of entities, as the case may be, and includes an umbrella fund whose interests in a mutual fund or units are split into a number of different class funds or subfunds and whose participants are entitled to exchange rights in one part for rights in another. Two types of funds are prescribed under the Labuan Financial and Services and Securities Act 2010, namely the private funds and public funds.
Application for Licence to Carry on Labuan Securities Licensee and Capital Market Business
Form LSCM | 
