Financial Holding Companies Act 2013 · s 74

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)

—(1) The Authority may, by regulations, exempt any person or class of persons from all or any of the provisions of this Act, other than sections 13 and 14, subject to such conditions as may be prescribed.(2) The Authority may, on the application of any person, by notice in writing, exempt the person from all or any of the provisions of this Act, other than sections 13 and 14, or any direction issued or requirement imposed by the Authority under this Act if the Authority considers it appropriate to do so in the circumstances of the case.(3) An exemption under subsection (2) —(a)may be granted subject to such conditions as the Authority may specify by notice in writing; and(b)need not be published in the Gazette.(4) The Authority may at any time —(a)revoke any exemption granted; or(b)add to, vary or revoke any condition imposed,under this section.
The Authority may, by regulations, exempt any person or class of persons from all or any of the provisions of this Act, other than sections 13 and 14, subject to such conditions as may be prescribed.
The Authority may, on the application of any person, by notice in writing, exempt the person from all or any of the provisions of this Act, other than sections 13 and 14, or any direction issued or requirement imposed by the Authority under this Act if the Authority considers it appropriate to do so in the circumstances of the case.
An exemption under subsection (2) —(a)may be granted subject to such conditions as the Authority may specify by notice in writing; and(b)need not be published in the Gazette.
The Authority may at any time —(a)revoke any exemption granted; or(b)add to, vary or revoke any condition imposed,under this section.

Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 74General powers of exemption

(1)

The Authority may, by regulations, exempt any person or class of persons from all or any of the provisions of this Act, other than sections 13 and 14, subject to such conditions as may be prescribed.

(2)

The Authority may, on the application of any person, by notice in writing, exempt the person from all or any of the provisions of this Act, other than sections 13 and 14, or any direction issued or requirement imposed by the Authority under this Act if the Authority considers it appropriate to do so in the circumstances of the case.

(3)

An exemption under subsection (2) —

(a)

may be granted subject to such conditions as the Authority may specify by notice in writing; and

(b)

need not be published in the Gazette.

(4)

The Authority may at any time —

(a)

revoke any exemption granted; or

(b)

add to, vary or revoke any condition imposed,under this section.