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FIREARMS REGULATIONS (NO. 13 OF 1997) - REG 47
47. A person is exempt from paragraph 36 (2) (b) of the Act if he or she lends a firearm to a person who holds a licence (being a licence on which the firearm is not endorsed) for the purpose of enabling the person to whom the firearm is lent to take part or to continue to take part in competitions in, or activities relating to, the use of such firearms if the competition or activity is conducted by or in association with an approved club on the premises of the club.