Securities and Futures Act 2001 · 2020 Revised Edition · Part 15 · Miscellaneous
337. Exemption
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The Authority may, by regulations, exempt any person, capital markets product, matter or transaction, or any class thereof, from all or any of the provisions of this Act, subject to such conditions or restrictions as may be prescribed.
Subject to any express provision to the contrary in this Act, an exemption granted to a person or in respect of any capital markets product, matter or transaction (other than an exemption granted to a class of persons, capital markets products, matters or transactions) under any provision of this Act other than subsections (1) and (3), or a revocation thereof, may be notified in writing to the person concerned, and need not be published in the Gazette.
capital markets products
“capital markets products” means any securities, units in a collective investment scheme, derivatives contracts, spot foreign exchange contracts for the purposes of leveraged foreign exchange trading, and such other products as the Authority may prescribe as capital markets products;
The Authority may, on the application of any person, by written notice exempt the person from —
all or any of the provisions of this Act; or
all or any of the requirements imposed by the Authority under this Act.
An exemption granted under subsection (3) —
may be granted subject to such conditions or restrictions as the Authority may specify by written notice; and
for the avoidance of doubt, need not be published in the Gazette and may be revoked at any time by the Authority.
The Authority may at any time add to, vary or revoke any condition or restriction imposed under this section.
Any person who contravenes any condition or restriction imposed under subsection (1) or (4)(a) (including any condition or restriction added or varied under subsection (4A)) shall be guilty of an offence.