Relaxation of regulatory enforcement: Board may relax strict compliance to protect investors and support market development. The Board may relax the strict enforcement of any requirement of these Regulations in the interest of investors or for securities market development where the requirement is procedural or technical, causes undue hardship to investors, where disclosure is not relevant to a particular industry or class of listed entities, where non compliance was due to factors beyond the issuer's control, or where provisions of governing Acts, Rules or regulations must be given precedence.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Relaxation of regulatory enforcement: Board may relax strict compliance to protect investors and support market development.
The Board may relax the strict enforcement of any requirement of these Regulations in the interest of investors or for securities market development where the requirement is procedural or technical, causes undue hardship to investors, where disclosure is not relevant to a particular industry or class of listed entities, where non compliance was due to factors beyond the issuer's control, or where provisions of governing Acts, Rules or regulations must be given precedence.
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