—(1) The Authority hereby exempts Hong Leong Finance Limited (referred to in this paragraph as the finance company) from —
section 23(1)(b) of the Act in respect of the business of entering into or offering to enter into, or facilitating the entering into by a person of, a contract or an arrangement the effect of which is to enable a business customer of the finance company to hedge, cover or change the amount of a liability or an entitlement —
from one foreign currency to another foreign currency or to Singapore dollars; or
from Singapore dollars to a foreign currency; and
section 25(2) of the Act in respect of —
the business of underwriting the issue or sale of shares for any company which is currently listed, or which intends to be listed, on a securities exchange approved by the Authority under section 9 of the Securities and Futures Act (Cap. 289);
(2) The exemption of the finance company under sub-paragraph (1) shall be subject to such conditions and restrictions as the Authority may specify in writing to the finance company.