ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Labuan Islamic Financial Services and Securities Act 2010
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Capital Market Services Act 2007
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Islamic Financial Services Act 2013
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None of the above
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Detailed explanation-1: -Labuan was declared as an International Offshore Financial Centre (IOFC) in October 1990 to complement the activities of the domestic financial market in Kuala Lumpur, strengthen the contribution of financial services to Gross National Products of Malaysia as well as develop the island and areas within its vicinity.
Detailed explanation-2: -A Bill to make provision amending the Financial Services and Markets Act 2000, including provision about financial education, and other provision about financial services and markets; and to make provision for the administration of court funds by the Director of Savings.
Detailed explanation-3: -The FSCA is the market conduct regulator of financial institutions, that provide financial products and financial services, financial institutions that are licensed in terms of a financial sector law, including banks, insurers, retirement funds and administrators, and market infrastructures.
Detailed explanation-4: -Commercial Banks. Investment Banks. Insurance Companies. Brokerage Firms.