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SECN Sch 6 Rules that can be waived or dispensed with or suspended

SECN Sch 6.1G

1All the rules in SECN except for SECN 10 can be waived or modified by the FCA under sections 138A of the Act.

SECN Sch 6.2G

The rules set out in SECN 5 to SECN 8 and SECN 11 to SECN 14 can be dispensed with, modified or remodified (with or without modifications) in the cases or circumstances set out in SECN 13.2.1R.

SECN Sch 6.3R

The rules set out in SECN 2, SECN 3, SECN 5 to SECN 8 and SECN 11 to SECN 14 applying to sponsors, originators, SSPEs, original lenders and sellers of securitisation positions can be suspended under regulation 5(5) of the Securitisation Regulations 2024.