Securities and Futures Act 2001 · 2020 Revised Edition · Part 3A · Approved Holding Companies
81ZI. Power of Authority to exempt approved holding company from provisions of this Part
Feedback & supportLast amended by an amending law of 2024. 3 amendments in all.
Without affecting section 337(1), the Authority may, by regulations made under section 81ZK, exempt any approved holding company or class of approved holding companies from any provision of this Part, subject to such conditions or restrictions as the Authority may prescribe in those regulations.
Without affecting section 337(3) and (4), the Authority may, by written notice, exempt any approved holding company from any provision of this Part, subject to such conditions or restrictions as the Authority may specify by written notice, if the Authority is satisfied that the non‑compliance by that approved holding company with that provision will not detract from the objectives specified in section 81T.
approved holding company
“approved holding company” means a corporation that is approved by the Authority under section 81W as an approved holding company;
The Authority may, at any time, by written notice, add to, vary or revoke the conditions or restrictions mentioned in subsection (2).
An approved holding company that is exempted under subsection (1) must satisfy every condition or restriction imposed on it under that subsection.
An approved holding company that is exempted under subsection (2) must, for the duration of the exemption, satisfy every condition or restriction imposed on it under that subsection and subsection (2A).
It is not necessary to publish any exemption granted under subsection (2) in the Gazette.