27Waiving compliance with operating requirements or participation rules

27 Waiving compliance with operating requirements or participation rules

27 Waiving compliance with operating requirements or participation rules

(1) The Registrar may waive compliance with all or any provisions of the operating requirements or participation rules if the Registrar is satisfied that granting the waiver is reasonable in all the circumstances.

(2) A waiver under this section may—

(a) be total or partial, and

(b) apply generally to all persons, or be limited in its application to particular persons or particular classes of persons, and

(c) apply generally or be limited in its application by reference to specified exceptions or factors, and

(d) apply indefinitely or for a specified period, and

(e) be unconditional or subject to conditions or restrictions.