Clause 15

Section 81U of the principal Act is amended by inserting, immediately after subsection (2), the following subsections:“(3) The Authority may exempt a holding company of an approved exchange or a designated clearing house from subsection (1) if it is satisfied that the exemption would not detract from the objectives specified in section 81T.(4) The exemption shall be subject to such conditions or restrictions as may be imposed by the Authority.”.