Public issuance usually takes 4 to 7 months, if an issuer has the necessary legal documentation and the applicable corporate structure set-up. It is also subject to the nature of the issuer's business and the financial instrument.
- If the issuer is not incorporated in Labuan, it requires LFSA's approval to issue on FUSANG Exchange. LFSA's approval takes 30 - 60 business days.
- Upon LFSA approval, FUSANG team will goes through the listing review process (onboarding, due diligence check, listing report preparation for listing committee etc). It usually requires 30 - 60 business days to complete the review.
Private issuance takes usually 3 to 5 months. It takes shorter time than public issuance because no approval is required from LFSA, only a written notification along with the information memorandum or other offering document.