Section 340 Investments and Securities Act

Section 340 of the Investments and Securities Act 2025 is about Power of the Minister and delegation. It is under Part XVIII (Miscellaneous Provisions) of the Act. It provides as follows:

(1) The Minister may give to the Commission such directive as appears to him to be just and proper for the effective discharge of the functions of the Commission under this Act and it shall be the duty of the Commission to comply.

(2) If the Minister is of the opinion and after consultation with the Commission, that it is necessary or expedient and in public interest, he may by order published in the Federal Government Gazette exempt any person or class of persons buying or selling securities or otherwise dealing with the securities market from the operations of the provisions of this Act.

(3) The Commission may, by general or special order in writing delegate to any member or officer of the Commission or any other person subject to such conditions, if any, as may be specified in the order, such of its powers and functions under this Act as it may deem necessary.