Cap. 644 Art. 34Power to make regulations.

The Minister may make regulations for the better carrying out of the provisions of this Act and such regulations may also provide for the better implementation of any other law which the Agency is entitled to enforce, for the elimination of difficulties or the setting of time frames and conditions, in respect of the implementation of such law and without prejudice to the generality of the foregoing, such regulations may make provision in respect of:

(a) any matter relating to the activities of property brokers, real estate agents, property consultants, specific property consultants, occasional brokers or persons acting as an intermediary in the process of negotiating or concluding transactions involving the purchase, sale, disposal or lease of land, even if on an occasional basis;

(b) the establishment of rules, conditions, codes of conduct and bye-laws in respect of the activities referred to in paragraph (a);

(c) the establishment of academic, training or other professional or aptitude requirements for the exercise of the activities referred to in paragraph (a);

(d) the granting of exemptions from any provisions of this Act in respect of specific activities or transactions or for a specified period of time or to enable transitory arrangements;

(e) the extension of the provisions of this Act to any activity related or being of substantially the same nature as the activities referred to in paragraph (a);

(f) regulating the procedure according to which it shall be determined whether an administrative penalty provided for in this Act or in any regulations made thereunder shall become due and for providing for the payment of administrative penalties by way of settlement of proceedings leading to the imposition of an administrative penalty as aforesaid;

(g) prescribing anything that may be prescribed under this Act.