Section 34
Section 34
The Registrar may, on the application in writing by any person required to comply with subsection 32(1), relieve that person or approve any variation from the requirements of this Act relating to the form and content of a prospectus or product disclosure statement.
(2)
In granting the relief or approval of the variation under subsection (1), the Registrar may impose such terms and conditions as the Registrar thinks fit.
(3)
The Registrar shall not grant a relief or an approval of the variation under subsection (1) unless he has considered the nature and objectives of the scheme and is satisfied that—
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(a)
the relief or variation does not cause the non-disclosure to the public of information necessary for the assessment of the investment in the scheme; and
(b)
the compliance with the requirements for which the relief or variation is applied for would impose unreasonable burden on the applicant.
(4)
A prospectus or product disclosure statement shall be deemed to have complied with all the requirements of this Act relating to the form and content of a prospectus or product disclosure statement, as the case may be, if the prospectus or product disclosure statement is issued in compliance with subsection (1).