Singapore legislation
Section 95
Section 95
Power to exempt and to make regulations for further modifications
(1)
MAS may make regulations exempting any person or class of persons from all or any provisions of this Part and any regulations made under this Part, subject to such conditions or restrictions as may be prescribed.
(2)
MAS may, on the application of any person, by written notice exempt the person from —
any regulations made under section 83 or 84; and
all or any of the requirements specified in any direction made by MAS under this Part,subject to such conditions or restrictions as MAS may specify by written notice.
(3)
MAS may at any time, by written notice to a person, add to, vary or revoke any condition or restriction imposed on the person under subsection (2).
(4)
It is not necessary to publish any exemption granted under subsection (2) in the Gazette.
(5)
The Minister may, for a period of 2 years starting on 14 January 2020, make regulations to prescribe further modifications to a provision of the MAS Act that is incorporated by reference in this Part (whether with or without modifications), and that provision of the MAS Act applies in this Part subject to those prescribed modifications.