3.—(1) The Minister or such person as he may appoint (referred to in these Regulations as the appointed person) may for the purposes of section 43P(1)(b) of the Act approve any qualifying company for such period not exceeding 5 years from such date and for such prescribed qualifying structured commodity financing activities, prescribed treasury activities, or prescribed advisory services in relation to mergers and acquisitions, as he or that person may specify in writing.
[S 236/2017 wef 25/03/2016]
(2) The Minister or the appointed person may, in any particular case, extend the period of approval specified in paragraph (1) for such further periods, not exceeding 5 years at any one time, as he or that person thinks fit.