person in control "person in control", in relation to an applicant for a licence or a licensed entity under this Act, means a person who:- (a) is entitled to exercise, or control the exercise of, not less than one-third of the votes attached to the voting shares in such applicant or licensed entity; (b) has the power to appoint, or cause to be appointed, a majority of the directors of such applicant or licensed entity; or (c) has the power to make, or cause to be made, decisions in respect of the business or administration of such applicant or licensed entity, and to give effect to such decisions or cause them to be given effect to; ACT 704 - LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010 2. Interpretation.