Article 22 — Exemptions from the Companies Regulations

22.1 Unless otherwise provided in these Regulations or directed to do so in writing by the QFC Authority, Part 3A, Part 4, Part 6 and Part 7 of the Companies Regulations do not apply to a Holding Company.

22.2 Article 47 and Article 48 of the Companies Regulations shall not apply to a Holding Company that is Passive.
22.3 A Holding Company is not required to hold an annual meeting of its Members.
22.4 If a Holding Company does not hold a meeting, Article 69 of the Companies Regulations shall not apply to that Holding Company.
Inserted (as from 19th October 2017).