Clause 16
Power to exempt and make further transitional provisions
of Financial Holding Companies Bill
BillNot in forceProvision 43 of 79
Clause 16
The Minister may, by order published in the Gazette —
(a)
exempt from section 13 or 14, subject to such terms and conditions as may be specified in the order —
(i)
any person or class of persons; or
(ii)
any class or description of shares or interest in shares; and
(b)
make such further transitional provisions as he considers necessary or expedient for the purposes of section 13, 14 or 15.