167. Upon the application of an interested person or company, the Commission may, where in its opinion such application is not contrary to the public interest, make an order on such terms and conditions as it may impose, exempting, in whole or in part, the person or company from the requirements of sections 159 to 165, including, among other cases, that where a requirement conflicts with a requirement of the laws of the jurisdiction in which a corporation is incorporated or where the laws of the jurisdiction to which the corporation is subject contain requirements substantially similar to those contained in the above mentioned sections.