Licensed to serve as a Fund Manager by the Labuan Financial Services Authority (LFSA), under the Labuan Financial Services & Securities Act (LFSSA) [s40 LFSSA 2010].

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Primary activities

1. Portfolio Management: Making investment decisions, executing trades, and managing investment portfolios on behalf of clients.
2. Fund Establishment and Management: Establishing, operating, and managing investment funds, including setting investment strategies and overseeing fund operations.
3. Investment Advice: Providing advice on investment opportunities, strategies, and portfolio composition tailored to the client's financial goals and risk tolerance.
4. Custody and Administration: Offering custody of assets and providing administrative services, ensuring regulatory compliance, and offering operational support for the funds managed.
5. Marketing of Funds: Actively marketing the investment funds under management within regulatory guidelines to attract potential investors.
6. Handling Subscriptions and Redemptions: Managing the process for investors to subscribe to or redeem units or shares of investment funds, including transactions based on net asset value.

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Other Permitted Activities

1. Dealing in Securities: Engaging in the buying, selling, subscribing to or underwriting securities on behalf of funds or clients as part of investment management processes (s55(2) LSSA 2010; para 1.3 of Guidelines on the Establishment of Labuan Securities Licensee). I.e. the provision of investment management services should be its principal activity.

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Handling of Client Monies

1. For Labuan Fund Managers of public funds only, client assets must be deposited into a segregated trust account maintained by a trustee or custodian, no later than the next bank business day. The trustee or custodian must not be a related party to the Labuan Fund Manager. [s50 LFSSA 2010]‍
2. For monies paid for securities in respect of a public securities offering, all monies must be paid to a Labuan trust company or bank licensee acting as agent for the issuer. [s16, s82 LFSSA 2010]

For all Labuan financial licensees undertaking digital financial services (DFS):

• Client monies must be maintained in accounts separate from its own bank account and marked in its books as relating to each client’s account.
• Client monies cannot be mixed with the firm’s general assets at any time;
• Client monies must be readily identified at any time;
• Client monies accounts need to be reconciled with internal records and client records at least monthly;
• Withdrawal instructions is expected to be completed within 3 working days;

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