waiver

a direction waiving or modifying a rule, given by the appropriate regulator 47 under section 138A of the Act (Modification or waiver of rules) or by the FCA under sections47 250, 261L24 or 294 of the Act (Modification or waiver of rules47) or regulation 7 of the OEIC Regulations (see SUP 8 and REC 3.3).3