Section 146: Exemptions and modifications

146. Exemptions and modifications (1) The Commission may, by a decision or by rules, exempt a person or any class of persons from any provision under Parts V, VI, VII and VIII. (2) The Commission may, by a decision or by rules, modify the application of any provision specified in subsection (1) in relation to any person or class of persons. S7 – 53 [Issue 1] Securities Act (3) Where, under this Act, any regulations made under this Act or any FSC Rules, a person is required to do or may do a particular thing by a particular time or within a particular period, the Commission may, on application, extend the period for doing the thing, and may do so either before or after the period has ended. (4) An exemption or modification may be made subject to such conditions as the Commission thinks fit.