1. The Authority may specify certain Persons or categories of Persons to engage in a Financial Activity or an approved function, or prohibit any of them from engaging in any Financial Activity or approved function. 2. The Authority may exempt any Person or category of Persons from the requirements and conditions for licensing a Financial Activity or from the conditions for approving functions, and may impose conditions or restrictions on such exemption or revoke the same, in accordance with the controls established by the Authority.
Interpretation and application must be checked against the official text and current version.