63. Exemption for exempt persons under section 99(1)(a) or (b) of Act in respect of regulated activity other than dealing in capital markets products that are specified contracts

Despite regulation 54(1), a person mentioned in section 99(1)(a) or (b) of the Act who, immediately before 8 October 2018, was carrying on business in any regulated activity other than dealing in capital markets products that are specified contracts is, in respect of that business, exempt from regulations 26(1)(a)(i)(B)(BB) and (5), 27A, 34(2), 34A, 39(1)(da), (e) and (k) and (2)(ba), (bb), (bc), (c) and (d), 40, 47DA and 54B, until 8 October 2021.