On 4 November 2020, Labuan FSA announced that the minister of Finance has appointed YBhg. Datuk Azizan Abdul Rahman as the Chairman of Labuan FSA effective from 1 November 2020 to 31 October 2023.
YBhg. Datuk Azizan Abdul Rahman is the Chairman of Kensington Trust Group. YBhg. Datuk Azizan has served in various capacities in Bank Negara Malaysia, and was the Director General of Labuan FSA from 2005 – 2011. Currently YBhg. Datuk Azizan sits on the Board of several companies and financial institutions.