Stock Exchange Act, 1995

Exemptions from restrictions on advertising.

32.—(1) Section 31 of this Act shall not apply to a class of advertisement specified from time to time by the Bank for the purpose of exempting from that section—

(a) advertisements appearing to the Bank to have a private character, whether by reason of a connection between the person issuing them and those to whom they are issued or otherwise; or

(b) advertisements appearing to the Bank to deal with investments only incidentally; or

(c) advertisements issued to persons appearing to the Bank to be sufficiently expert to understand any risks involved.

(2) An exemption under subsection (1) of this section shall be subject to such conditions as may be specified by the Bank when granting the exemption.