The Malaysian Labuan Financial Services Authority (LFSA) was established on February 15, 1996 under the Labuan Financial Services Authority Act 1996. The Malaysian Labuan Financial Services Authority (LFSA) is the statutory body responsible for the development and management of the Labuan IBFC in Malaysia.

The financial services committee, which was established under the financial services committee act of December 2001, is the only independent self-governing financial regulator in the region.The agency is responsible for providing licenses and permits to businesses and individuals engaged in financial services, as well as supervising regulated financial services activities to protect the public from individuals or companies that illegally provide financial services.The agency is also responsible for trademark registration of all companies and limited partners in the region.Its main function is to supervise all financial services in BVI.To supervise all financial services activities conducted within or registered with BVI in accordance with BVI law.These services include insurance, banking, fiduciary business, corporate management, mutual fund business, corporate registration, limited partnerships, and intellectual property.

VFSC was established in December 1993 in accordance with section 35 of the vanuatu financial services committee act of 1993. Previously, VFSC was only the official bankruptcy division of the company registration information and ministry of finance.Department structure: it is divided into enterprise service department, bankruptcy department, law enforcement department and examination and registration department.