GEN 11.2 GEN 11.2 Waivers
This section applies to every
Rulebookreference to the written notice under Article 25 will be referred to as a 'waiver'.
GEN 11.2.3 GEN 11.2.3
Authorised Personwishes to apply for a waiver, it must apply in writing to the DFSAusing the appropriate form in AFN.
GEN 11.2.3 Guidance
Waiver application forms are contained in AFN and the RPP Sourcebook sets out the
DFSA'sapproach to considering a waiver.
The application must contain:(a) the name and
Licencenumber of the Authorised Person;(b) the Ruleto which the application relates;(c) a clear explanation of the waiver that is being applied for and the reason why the Authorised Personis requesting the waiver;(d) details of any other requirements; for example, if there is a specific period for which the waiver is required;(e) the reason, if any, why the waiver should not be published or why it should be published without disclosing the identity of the Authorised Person; and(f) all relevant facts to support the application.
Authorised Personmust immediately notify the DFSAif it becomes aware of any material change in circumstances which may affect the application for a waiver.
Continuing relevance of waivers
Authorised Personmust immediately notify the DFSAif it becomes aware of any material change in circumstances which could affect the continuing relevance of a waiver.