Labuan cracks down on unqualified brokers
Only certified professionals will be allowed to operate as brokers in Labuan by the end of 2013 under regulations designed by the Labuan Financial Services Authority to boost the territory’s international reputation.
Under the new regime advisors wanting to look after expat high net-worth Malaysian clients must have as minimum of the Chartered Insurance Institute's
Certificate in Financial Planning.
Brokers on the
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