Section 40Part 5 — MISCELLANEOUS
Regulations
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The Governor in Cabinet may make regulations —
prescribing anything by this Law required to be prescribed;
exempting any person or class of persons or business or class of business from any provision of this Law;
prescribing forms to be used;
prescribing any returns to be made under this Law;
prescribing capital and solvency margins and ratios to be maintained by licensees under this Law;
prescribing any fees payable; and
providing for such matters as may be necessary or convenient for carrying out or giving effect to this Law and its administration.
Regulations made under this Law may —
make different provision in relation to different cases or circumstances;
apply in respect of particular persons or particular cases or particular classes of persons or particular classes of cases, and define a class by reference to any circumstances whatsoever; or
contain such transitional, consequential, incidental or supplementary provisions as appear to the Governor in Cabinet to be necessary or expedient for the purposes of the regulations.
Regulations made under this Law may create an offence punishable by a fine not exceeding ten thousand dollars.