s 46AAG Power of Authority to exempt approved exchange or recognised market operator from provisions of this Part
46AAG.—(1) The Authority may, by regulations made under section 44, exempt —(a) any approved exchange or recognised market operator; or (b) any class of approved exchanges or class of recognised market operators, from any provision of this Part, subject to such conditions or restrictions as the Authority may prescribe in those regulations. [4/2017] (2) The Authority may, by written notice, exempt any approved exchange or recognised market operator from any provision of this Part, subject to such conditions or restrictions as the Authority may specify by written notice, if the Authority is satisfied that such exemption will not detract from the objectives specified in section 5.[4/2017] (3) The Authority may, at any time, by written notice, add to, vary or revoke the conditions or restrictions mentioned in subsection (2).[4/2017] (4) An approved exchange or a recognised market operator that is exempted under subsection (1) must satisfy every condition or restriction imposed on it under that subsection.[4/2017] (5) An approved exchange or a recognised market operator that is exempted under subsection (2) must, for the duration of the exemption, satisfy every condition or restriction imposed on it under that subsection and subsection (3).[4/2017] (6) It is not necessary to publish any exemption granted under subsection (2) in the Gazette.[4/2017]