Trust Companies Act 2005 · 2020 Revised Edition · Part 10 · Miscellaneous
80. Exemption
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The Authority may, by regulations, exempt any person or any class of persons, from all or any of the provisions of this Act, subject to such conditions or restrictions as may be prescribed.
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 (2) —
may be granted subject to such conditions or restrictions as the Authority may specify by written notice;
need not be published in the Gazette; and
may be withdrawn at any time by the Authority.
Any person who contravenes any condition or restriction imposed under subsection (1) or (3)(a) shall be guilty of an offence.