SUP 8.2 Introduction
Waivers under section 138A of the Act
12SUP 8.2.1 G does not apply to:
- (1)
rules made by either regulator under section 137O of the Act;
- (2)
rules made by the FCA under sections 247 or 248 of the Act.
The directions referred to in SUP 8.2.1 G (1) and SUP 8.2.1 G (2) are collectively referred to in the Handbook as waivers.
Waivers of rules in COLL10
Those persons to whom section 250and regulation 7 of the OEIC Regulations are relevant, but who are not firms, should follow SUP 8 as if they were firms.
Section 250 of the Act and regulation 7 of the OEIC Regulations work by giving effect to section 138A12of the Act in respect of waivers given under section 250(2) and (3) and regulation 7(1) and (2) of the OEIC Regulations.
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