The regulations may provide that the derivative transaction rules:
(a) cannot impose requirements (or certain kinds of requirements) on certain classes of persons; or
(b) can only impose requirements (or certain kinds of requirements) on certain classes of persons in certain circumstances.
Note: A class of persons may be described by reference to any matter, including (for example):
(a) the volume of derivative transactions entered into by persons over a period; or
(b) the characteristics or nature of persons or of their businesses; or
(c) the place of residence or business of persons.