RPP 9-4-4

Relief will be given to overcome the disproportionate effects of provisions in exceptional cases, the anomalous effects of old provisions in novel cases for which they were not designed, and the unintended side effects of provisions.

For example, it may simply be the case that an applicant, such as an Authorised Firm, needs more time in which to implement certain procedures or to carry out specified tasks. This commonly arises when new Rules are introduced requiring, for example, Authorised Firms to introduce new procedures or to carry out due diligence on financial products.

Derived from Notice of Updates (Made 11th February 2015). February 2015 Edition