; (3) the applicant adopts other measures that are sufficient and a substitute for its non-compliance with the rules or conditions to be exempted. In granting an exemption under Paragraph 1
following criteria unless a waiver has been obtained from the SEC Office: (a) any director who is an authorized signatory of the company, independent director, manager, or any person holding equivalent
shall not exceed the ratio prescribed in Clause 10, except for an offer for sale of warrants and underlying shares which is granted an exemption from the Office in case of necessity and for the benefit of
demand for cars was partly driven by the end of Sales and Service Tax (SST) exemption in June 2022. Car booking before end of June would be eligible for SST exemption if registered before end of March 2023
relationship risk which is not more than medium level or which is in the acceptable level, unless having obtained exemption from the SEC Office; (5) having not been accused of or subjected to criminal proceeding
the operational risk and the customer relationship risk which is not more than medium level or which is in the acceptable level, unless having obtained exemption from the SEC Office; (5) having not been
). However, such exemption shall apply to only one applicant for each management company and shall be terminated once such person no longer performs such duty or holds such position. Clause 4. Any applicant
the date of submission of the application, such applicant shall be exempt from such qualifications under (3) and (5). However, such exemption shall apply to only one applicant for each management