14 April 2020Law & regulation

Labuan FSA eases rules to allow businesses to focus on COVID-19 response


The Labuan Financial Services Authority (LFSA) has granted temporary regulatory reliefs (TRRs) for Labuan entities to cushion the impact and disruption to business operations caused by the COVID-19 pandemic.

LFSA relaxed administrative requirements around governance and market conduct, and provided greater flexibility for other technical submissions. It also offered an extension for regulatory reporting and submissions.

The TRRs will provide administrative and financial relief to captives and other entities domiciled in Labuan during the COVID-19 crisis to allow them to focus on their business continuity measures, LFSA said.


More on this story

Asia-Pacific analysis
12 August 2019   More companies across Asia are open to the idea of using captives, according to officials from the Labuan Financial Services Association and Swiss Re Corporate Solutions.
Asia-Pacific analysis
28 May 2020   Labuan has 219 insurance entities in operation, including 52 captives and 64 re/insurers, having authorised five new captives in 2019, according to Labuan Business and Financial Centre’s (Labuan IBFC) 2019 market report.

More on this story

Asia-Pacific analysis
12 August 2019   More companies across Asia are open to the idea of using captives, according to officials from the Labuan Financial Services Association and Swiss Re Corporate Solutions.
Asia-Pacific analysis
28 May 2020   Labuan has 219 insurance entities in operation, including 52 captives and 64 re/insurers, having authorised five new captives in 2019, according to Labuan Business and Financial Centre’s (Labuan IBFC) 2019 market report.