(a) If, after considering all the facts and representations
submitted by an applicant in support of an exemption application, all
the comments received in response to a notice of proposed exemption, and
the record of any hearing held in connection with the proposed
exemption, the Department determines that the exemption should be
granted, it will publish a notice in the Federal Register granting the
exemption.
(b) A Federal Register notice granting an exemption will summarize
the transaction or transactions for which exemptive relief has been
granted and will specify the conditions under which such exemptive
relief is available.
