investor

"investor" means a person, including a custodian and an underwriter, who is the owner of securities issued by a mutual fund but does not include a person who only takes the initiative in forming or organising the business of the mutual fund and does not have any ownership in the fund;
ACT 704 - LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010
27. Interpretation.

investor

"investor" means a person who owns, or has an interest, in shares issued by a mutual fund but does not include a promoter or an operator;
ACT 579 - LABUAN OFFSHORE SECURITIES INDUSTRY ACT 1998
2. Interpretation.