Labuan IBFC

Strengthening team readiness

We recently concluded an insightful training and alignment session with our regulator, Labuan Financial Services Authority - Labuan FSA. The session covered segmental performance updates, processes involving Labuan entity set-ups, current industry developments, and upcoming initiatives to ensure the team remains informed and well-equipped.

This ongoing engagement reinforces our commitment to delivering professional, reliable, and high-quality assistance to potential investors, business leads, and the Labuan IBFC community.

Labuan Financial Services Authority - Labuan FSA has issued new exposure drafts to strengthen risk-sensitive capital adequacy and improve comparability across the insurance and takaful segments.

Key highlights:
1. Guidelines on Takaful Capital Adequacy Framework (TCAF) – Extends risk-based capital requirements to the takaful industry, replacing the existing margin of solvency approach

2. Revised Guidelines on Insurance Capital Adequacy Framework (ICAF) – Enhances frameworks for Labuan life (re)insurers, including surrender value and lapse risk.

The EDs and feedback template are available at https://tinyurl.com/4sfa9p9b for industry reference.

Exposure Draft - Public Consultation Papers Public Consultation Paper