Power to remove difficulty: regulator may issue clarifications or relax procedural requirements to ease market access and protect investors. Regulation 32 empowers the Board to remove difficulties in application or interpretation by issuing clarifications or granting relaxations after recording ... Summary
Power to remove difficulty: regulator may issue clarifications or relax procedural requirements to ease market access and protect investors.
Regulation 32 empowers the Board to remove difficulties in application or interpretation by issuing clarifications or granting relaxations after recording reasons; the Board may relax procedural requirements, conditions or strict enforcement if the requirement is procedural or technical, causes undue hardship to a class of industry or issuers accessing the securities market, benefits a substantial number of investors, or is in the interest of the securities market.
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