Clarificatory power enables suitable guidance to resolve difficulties in applying or interpreting vault manager regulations consistently. The Board has power to issue suitable clarifications or guidelines to remove difficulties concerning application or interpretation of the Vault Managers ... Summary
Clarificatory power enables suitable guidance to resolve difficulties in applying or interpreting vault manager regulations consistently.
The Board has power to issue suitable clarifications or guidelines to remove difficulties concerning application or interpretation of the Vault Managers Regulations, 2021, providing interpretative guidance where uncertainty arises. The substituted wording replaces the earlier discretionary formulation, "may," with "shall have the power," effective on the ninetieth day following publication of the amendment.
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