马来西亚金融牌照
从准入，到稳健经营。

公司 CMSL 与个人 CMSRL 须分别判断；并非八项活动各自等于一张独立牌照。

• 证券交易Dealing in Securities
• 衍生品交易Dealing in Derivatives
• 证券／衍生品清算Clearing for Securities or Derivatives
• 基金管理Fund Management
• 私人退休计划交易Dealing in Private Retirement Schemes
• 企业融资顾问Advising on Corporate Finance
• 投资顾问Investment Advice
• 财务规划Financial Planning

各项目适用注册、认可市场或专项制度；不可全部称为 CMSL 牌照。

• 数字资产交易所RMO – Digital Asset Exchange (DAX)
• 股权众筹平台RMO – Equity Crowdfunding (ECF)
• P2P融资平台RMO – Peer-to-Peer Financing
• 房地产众筹Property Crowdfunding Platform (PCF)
• 电子资本市场服务平台E-Services Platform
• 数字代币发行平台Initial Exchange Offering Operator (IEO)
• 数字资产托管机构Digital Asset Custodian (DAC)
• 风投机构及管理公司Venture Capital Corporation / Venture Capital Management Corporation
• 私募股权机构及管理公司Private Equity Corporation / Private Equity Management Corporation
• 信用评级机构Credit Rating Agency (CRA)
• 债券定价机构Bond Pricing Agency (BPA)
• 资本市场服务提供者Capital Market Services Provider (CMSP)

沿用附件商业索引，不表示存在 34 张不同法定牌照；传统与伊斯兰业务、机构与业务形式须分别核对。

• 纳闽商业银行Labuan Commercial Bank
• 纳闽投资银行Labuan Investment Bank
• 纳闽伊斯兰银行Labuan Islamic Bank
• 纳闽伊斯兰投资银行Labuan Islamic Investment Bank
• 纳闽人寿保险Labuan Life Insurer
• 纳闽一般保险Labuan General Insurer
• 纳闽人寿再保险Labuan Life Reinsurer
• 纳闽一般再保险Labuan General Reinsurer
• 纳闽伊斯兰保险Labuan Takaful Operator
• 纳闽伊斯兰再保险Labuan Retakaful Operator
• 纳闽专属自保保险Labuan Captive Insurance
• 纳闽专属自保伊斯兰保险Labuan Captive Takaful
• 纳闽保险经纪Labuan Insurance Broker
• 纳闽保险管理机构Labuan Insurance Manager
• 纳闽承保管理机构Labuan Underwriting Manager
• 纳闽基金管理人Labuan Fund Manager
• 纳闽伊斯兰基金管理人Labuan Islamic Fund Manager
• 纳闽基金行政管理Labuan Fund Administrator
• 纳闽证券持牌机构Labuan Securities Licensee
• 纳闽伊斯兰证券机构Labuan Islamic Securities Licensee
• 纳闽货币经纪商Labuan Money Broker
• 纳闽伊斯兰货币经纪商Labuan Islamic Money Broker
• 纳闽金融交易所Labuan Exchange
• 纳闽租赁业务Labuan Leasing Business
• 纳闽保理业务Labuan Factoring Business
• 纳闽信用代币业务Labuan Credit Token Business
• 纳闽支付系统营运商Labuan Payment System Operator
• 纳闽信托公司Labuan Trust Company
• 纳闽受管理信托公司Labuan Managed Trust Company
• 纳闽私人信托公司Labuan Private Trust Company
• 纳闽公司管理服务Labuan Company Management
• 纳闽国际商品贸易公司Labuan International Commodity Trading Company (LITC)
• 纳闽建筑信贷业务Labuan Building Credit Business
• 纳闽开发融资业务Labuan Development Finance Business

业务分类与法定牌照口径不同；数字银行等项目须核对现行申请窗口。

• 商业银行Commercial Bank
• 伊斯兰银行Islamic Bank
• 投资银行Investment Bank
• 数字银行Digital Bank
• 伊斯兰数字银行Islamic Digital Bank
• 人寿保险Life Insurance Company
• 一般保险General Insurance Company
• 再保险Reinsurance Company
• 家庭伊斯兰保险Family Takaful Operator
• 一般伊斯兰保险General Takaful Operator
• 伊斯兰再保险Retakaful Operator
• 货币服务业务Money Services Business
• 有限用途电子货币豁免安排Limited Purpose Electronic Money Exemption

批准类别须结合业务范围与相关政策文件判断，不与 Licence 或 Registration 混称。

• 支付系统营运商Payment System Operator
• 电子货币发行机构Electronic Money Issuer
• 金融顾问Financial Adviser
• 伊斯兰金融顾问Islamic Financial Adviser
• 货币经纪商Money Broker
• 保险经纪商Insurance Broker
• 伊斯兰保险经纪商Takaful Broker
• 综合保险及伊斯兰保险经纪商Insurance and Takaful Broker

包括注册、指定支付工具、专项批准与特别法律监管；不是十种统一注册牌照。

• 商户收单机构Merchant Acquirer
• 保险理赔公估机构Registered Insurance Adjuster
• 登记货币处理机构（非一般外币批发）Registered Currency Processor
• 信用卡发行机构Credit Card Issuer
• 借记卡发行机构Debit Card Issuer
• 签账卡发行机构Charge Card Issuer
• 金融控股公司Approved Financial Holding Company
• 指定发展金融机构Prescribed Development Financial Institution
• 外国金融机构／银行代表处Approved Representative Office of Foreign Financial Institution
• 电子交易平台运营者Approved Electronic Trading Platform Operator

MSB 主牌与代理身份须分别判断。代理不等于独立持有主牌，业务范围取决于授权及适用规定。

• MSB Class A · 货币兑换 + 汇款Money-changing and Remittance
• MSB Class B · 仅汇款Remittance Only
• MSB Class C · 仅货币兑换Money-changing Only
• MSB Class D · 仅外币现钞批发Wholesale Currency Only

消费信贷及相关服务另按 SKP 适用制度核对，不并入 SC、Labuan FSA 或 BNM 牌照总数。

• 非银行先买后付（BNPL）许可Buy Now Pay Later Scheme Licence
• 非银行融资／动产租赁许可Leasing Licence
• 非银行保理许可Factoring Licence
• 信贷债务催收机构注册Debt Collection Registration
• 不良贷款／融资收购注册Impaired Loan or Financing Acquisition Registration
• 债务辅导及管理机构注册Debt Counselling and Management Registration
• 只服务非信贷消费者的第79条年度声明Annual Declaration under Section 79 of the Consumer Credit Act 2025

数字金融商业称谓须与既有主牌、正式框架或专项批准关联；MSB代理不是第五种主牌。

• 纳闽数字银行Labuan Digital Bank
• 纳闽数字资产经纪撮合Labuan Digital Asset Money Broking
• 获批准MSB代理Approved MSB Agent

按主体责任、所在地法律及活动选择结构。公司注册、银行开户和税务安排不能代替金融经营许可。

• 纳闽股份有限公司Labuan Company Limited by Shares
• 纳闽担保有限公司Labuan Company Limited by Guarantee
• 纳闽无限公司Labuan Unlimited Company
• 外国公司在纳闽登记／分支Foreign Labuan Company
• 外国公司迁入纳闽／纳闽公司迁出Continuation into Labuan / Discontinuance
• 纳闽纯股权控股公司Labuan Pure Equity Holding Company
• 纳闽其他投资控股公司Labuan Investment Holding Other Than Pure Equity Holding
• 纳闽行政与支持服务公司Labuan Administrative and Support Services Entity
• 纳闽普通贸易／跨境电商公司Labuan Trading and E-Commerce Company
• 纳闽受保护单元公司Labuan Protected Cell Company (PCC)
• 纳闽国际商品贸易公司（LITC／GIFT）Labuan International Commodity Trading Company
• 纳闽公司银行及支付账户开户Corporate Bank and Payment Account Opening for a Labuan Company
• 纳闽公司年报、会计与税务实质维护Labuan Company Annual Return, Accounting, Tax and Substance Maintenance
• 纳闽公司收购及控制权变更Acquisition and Change of Control of a Labuan Company
• 私人股份有限公司Private Company Limited by Shares / Sendirian Berhad (Sdn. Bhd.)
• 公众股份有限公司Public Company Limited by Shares / Berhad (Bhd.)
• 担保有限公司（含获准不使用Berhad名称者）Company Limited by Guarantee (CLBG)
• 私人无限公司Unlimited Private Company
• 公众无限公司Unlimited Public Company
• 有限责任合伙Limited Liability Partnership / Perkongsian Liabiliti Terhad (LLP / PLT)
• 独资业务Sole Proprietorship (ROB)
• 普通合伙业务Partnership (ROB)
• 外国公司马来西亚登记／分支机构Registered Foreign Company / Malaysia Branch
• 代表处Representative Office (RE)
• 区域办公室Regional Office (RO)
• 企业银行开户协助Corporate Bank Account Application Support
• 周年申报、账务及审计协调Annual Return, Financial Statements and Audit Coordination
• 记账、所得税与电子发票协调Bookkeeping, Corporate Tax, MITRS and e-Invoice Support

社区信贷、典当、合作社成员融资及本土信托公司分别按适用法例处理，不视为SC、Labuan FSA或BNM经营许可。

• KPKT社区信贷／持牌放贷许可Moneylender Licence / Kredit Komuniti
• KPKT典当经营许可Pawnbroker Licence / Pemegang Pajak Gadai
• SKM合作社注册及成员信贷／伊斯兰融资Co-operative Society Registration and Co-operative Credit / Islamic Financing
• SSM本土信托公司注册Trust Company Registration under the Trust Companies Act 1949