Applications for permission not to apply rules or to apply rules with modifications3
1
This regulation applies to an application made by any person to the PRA under section 138BA(2) of FSMA 2000—
a
for permission not to apply rules specified in regulation 2 (“specified rules”) or to apply specified rules with modifications, or
b
to vary an existing permission.
2
The application must set out—
a
the rules which the applicant seeks permission not to apply,
b
the modifications of rules sought, or
c
the variation sought.
3
An application must—
a
be made in such manner as the PRA may direct, and
b
contain, or be accompanied by, such other information or documents as the PRA may reasonably require.
4
At any time after receiving the application and before determining it, the PRA may require the applicant to provide it with such further information or documents as it may reasonably require.
5
The PRA may require any information provided under this regulation to be provided in such form and verified in such manner as it may reasonably require.
6
The PRA may require any documents provided under this regulation to be produced at such place and authenticated in such manner as it may reasonably require.
7
Different directions may be given, and different requirements imposed, in relation to different applications or categories of application.