Article 23 — Exemptions from the Companies Regulations for State's Holding Companies

23.1 Unless otherwise provided in these Regulations or directed to do so in writing by the QFC Authority, a Holding Company who is ultimately wholly owned by the Government of the State:
(a) shall not be subject to Part 3A, Part 4, Part 6 and Part 7 of the Companies Regulations;
(b) shall not be subject to Article 47 and Article 48 of the Companies Regulations; and
(c) is not required to appoint auditors, have its accounts examined and reported on by auditors, or to lay its accounts before a meeting of its Members, or file its accounts with the CRO.
Inserted (as from 19th October 2017).