60. Exempt Offerors

(1) The prohibition in section 58(1) does not apply to any —
(a) Securities of an Exempt Offeror; or
(b) Securities which are unconditionally and irrevocably guaranteed by an Exempt Offeror.
(2) The Regulator may, at its discretion and on its own initiative, include any person in the list of Exempt Offerors maintained by it in circumstances where the requirements prescribed by the Regulator in the Rules are met.