Variable Capital Companies Act 2018 · 2020 Revised Edition · Part 7 · International Obligations and Prevention of Money Laundering, Terrorism Financing and Proliferation Financing and Other Offences
95. Power to exempt and to make regulations for further modifications
Feedback & supportMAS may make regulations exempting any person or class of persons from all or any provisions of this Part and any regulations made under this Part, subject to such conditions or restrictions as may be prescribed.
MAS
“MAS” means the Monetary Authority of Singapore established under section 3 of the MAS Act;
MAS may, on the application of any person, by written notice exempt the person from —
any regulations made under section 83 or 84; and
all or any of the requirements specified in any direction made by MAS under this Part,subject to such conditions or restrictions as MAS may specify by written notice.
MAS may at any time, by written notice to a person, add to, vary or revoke any condition or restriction imposed on the person under subsection (2).
It is not necessary to publish any exemption granted under subsection (2) in the Gazette.
[Deleted by Act 18 of 2022 wef 28/04/2023]