Secreted lipase that releases free fatty acids from monoacylglycerol and triacylglycerol but has no phospholipase or lysophospholipase activities. Has minor esterase activity. Due to an absence of fatty acid synthase genes in Malassezia species, secretory lipases are essential for the yeast to generate free fatty acids from degradation of sebum and assimilate them as lipid sources for growth (Probable). Plays important roles not only in lipid metabolism but also in the immune response of host cells and pathogenesis (Probable). Hydrolyzes lipids, such as Tween 20, 40 and 80, with Tween 80 being the best substrate