As of 31 December 2021, Labuan FSA was made to understand that less than 40% of Labuan policyholders had engaged with the JOLs and submitted the prove of debts. In this regard, Labuan FSA would like to urge the remaining policyholders/creditors of PAG Labuan to act accordingly and liaise with the Joint Official Liquidators (JOLs) for the submission of the proof of debts on immediate basis.