43. Power to adopt Rules etc.

(1) The Board of Directors of the AIFCA or the Board of Directors of the AFSA may adopt rules prescribing matters:

• (a) required or permitted by these Regulations to be prescribed by the Rules; or
• (b) necessary or convenient to be prescribed for carrying out or giving effect to these Regulations.

(2) However, the Board of Directors of the AIFCA may not adopt rules under this section on matters related to the regulation conducted by the AFSA.

(3) Without limiting subsection (1), either Board may adopt rules clarifying, extending,implementing, modifying or waiving the application of provisions of these Regulations in elation to the holding of Investments or interests or entitlements in Investments.