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Glite Dictionary
🚫 Allowing exceptions 📄 Exception document
exemptive

exemptive

7.7
Relating to a rule that lets someone be excused from a requirement
  • adjective
  • /ɪɡˈzɛmptɪv/
  • Formal
translation icon : exento
  • In 1996, Congress explicitly gave the SEC further exemptive powers relevant, among other things, to the reach of the rest of the U.S. disclosure regime, i.e., Securities Act new issue disclosure and Exchange Act periodic disclosure imposed on issuers whose shares are traded on a national stock exchange.

Examples

  • An exemptive rule was issued, giving small businesses a break from the usual compliance requirements.

  • The new policy is exemptive, allowing certain companies to bypass complex regulations.

  • The exemptive clause enables residents to avoid some of the zoning restrictions on property development.

Synonyms

exceptive
vsexemptive
8.4

Allowing something to be left out of a general rule

focuses on granting a formal exemption from a rule or requirement

Antonyms

mandatory
239 3.8

Law or rules say you must do it

Surface Forms

exemptive positive

Morphology

exemptive = exempt (transparent) = exempt + ive

The adjective is a straightforward derivation from the verb/adjective 'exempt' with the productive adjectival suffix '-ive' indicating relating to or tending to exempt.

Etymology

The word exemptive comes from exempt, built from ex- 'out' and a root meaning 'take', so it originally means 'taken out'. That's why an exemptive measure is one that removes someone or something from a rule or requirement.