Relaxation of regulatory requirements permits the Board to ease enforcement for procedural, irrelevant disclosure, or beyond-control noncompliance. Regulation 113 grants the Board the power to relax strict enforcement of regulatory requirements in the interest of investors or market development if the ... Summary
Relaxation of regulatory requirements permits the Board to ease enforcement for procedural, irrelevant disclosure, or beyond-control noncompliance.
Regulation 113 grants the Board the power to relax strict enforcement of regulatory requirements in the interest of investors or market development if the requirement is procedural, a disclosure is not relevant to a class of industry or issuer, or non compliance was due to factors beyond the issuer's control. Applicants must file a detailed application stating grounds for relaxation and pay the prescribed non refundable fee by permitted payment methods.
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