Singapore legislation
Clause 70
Clause 70
Power to make regulations giving effect to treaty, etc., relating to trust business
(1)
Without prejudice to the generality of section 82(1), the Authority may make regulations prescribing the matters necessary or expedient to give effect in Singapore to the provisions of any treaty, convention, arrangement, memorandum of understanding, exchange of letters or other similar instrument relating to trust business, to which Singapore or the Authority is a party.
(2)
Without prejudice to the generality of subsection (1), such regulations may provide for —
exemptions from any requirement relating to —
the licensing or approval of any person; or (ii)the lodgment or registration of any document,under this Act;
exemptions from any other requirement in this Act;
the application of this Act with such modifications as may be necessary;
the revocation or withdrawal of any exemption granted; and
the variation of any condition or restriction imposed in connection with the granting of any exemption under this Act.