Cap. 529 Art. 14Power to make regulations.

(1) The Minister may, on the advice of the Authority, make regulations for the better carrying out of any of the provisions of this Act, and may, in particular, but without prejudice to the generality of the foregoing, by any such regulations:

(a) further regulate the activities of persons providing company services as well as the services provided and activities carried on or in conjunction therewith or in relation thereto, providing for any matter deemed expedient;

(b) exempt any activities or classes of persons from the requirements of articles 3, 3A, 3B and 4 and impose conditions deemed fit for eligibility for exemption;

(c) provide for and regulate the payment by any person, as the case may be, of application, authorisation or supervisory fees and such other fees and charges payable to the Authority in respect of any matter provided for, by or under this Act or any regulations made under this article, as may be prescribed;

(d) transpose, implement and give effect to the provisions and requirements of Directives, Regulations and any other legislative measures of the European Union requiring transposition and, or implementation, as they may be amended from time to time, including any implementing measures that have been or may be issued thereunder relating to persons providing company services and others as may be specified therein or to any other matter falling within the terms of this Act;

(e) provide that any provision in any other law shall not apply to matters falling under the regulations;

(eA) provide for alternative methods and mechanisms of supervision of persons providing company services, in so far as this is permissible at law;

(eB) provide for enhanced collaboration, cooperation and information sharing, between the Authority and other authorities, agencies and any other body which the Minister may deem appropriate, with respect to the regulation and supervision of company service providers;

(eC) amend the provisions of the Schedule to this Act;

(f) prescribe any matter that may be or is to be prescribed.

(2) Regulations made under the provisions of this Act may be made in the English language only.

SANCTIONS AND APPEALS