Our Regulator and why it is important to you?
LOFSA, the Labuan Offshore Financial Services Authority, was established in 1996 as Malaysia's single regulatory agency or a one-stop agency for the offshore industry. There are 63 offshore banks, nearly 50 insurance and insurance related companies and 20 trust companies as well as numerous legal and accounting firms registered in Labuan by LOFSA.
LOFSA handle applications for licenses from investment companies and financial institutions wishing to make use of the benefits associated with Labuan.
So what does LOFSA mean to expatriates investing with Montpelier Nordic? Quite simply LOFSA have deemed Montpelier Nordic fit and proper to conduct offshore investment services from Malaysia.
LOFSA are the compliance and complaint regulator hence the importance of only dealing with companies who are licensed. For a full list of who is and is not licensed, please refer to the LOFSA website at www.lofsa.gov.my
Montpelier Nordic (Labuan) Ltd is licensed by the Labuan Offshore Financial Services Authority to conduct offshore investment services. Company registration no. LL00455 and Offshore Insurance Broker License no. B.S. 970004.
Other regulators include:
• Australia; The Australian Securities and Investments Commission ( ASIC )
www.asic.gov.au
• Isle of Man; Financial Supervision Commission ( FSC )
www.gov.im/fsc
• United Kingdom; The Financial Services Authority ( FSA )
www.fsa.gov.uk
• Hong Kong; The Securities and Futures Commission ( SFC )
www.hksfc.org.hk
• Jersey; Jersey Financial Services Commission ( JFSC )
www.jerseyfsc.org
• Switzerland; Swiss Federal Banking Commission ( SFBC )
www.ebk.ch
• Luxembourg; Commission de Surveillance du Secteur Financier ( CSSF )
www.cssf.lu
Montpelier will only operate offices in areas where we are fully licensed & regulated.
