Follow these steps to vary or cancel a waiver that your firm has applied for.
Varying a waiver
Once we have given a waiver, we may vary it with your consent, on your application.
You can apply to us to vary a waiver through Connect.
If we've given a waiver to several firms through a modification by consent, we may vary the waiver with the consent of affected firms.
Cancelling a waiver
If you want to cancel a waiver because it's no longer needed, please notify us by emailing [email protected].
We'll then remove the waiver from the Financial Services Register.
Revocation
We, or the Prudential Regulation Authority (PRA), may revoke a waiver or modification at any time.
We'll consider if the conditions in the Act are no longer satisfied and whether the waiver is otherwise no longer applicable.
If we revoke your firm's waiver or modification
You'll receive written notice of revocation (whether proposed or revoked) with immediate effect.
You'll usually have 28 days to respond to us about this. We'll then write to you to either confirm the revocation or ask your firm to consent to a new waiver.