SSR 7.4 Applications for dispensation or modification of rules

An application to dispense with, modify or reimpose a rule in SSR 2 must set out:

1. (1) (a) the rules in respect of which the applicant seeks a dispensation for; 
2.      (b) the modification of rules sought; or
3.      (c) the reimposition of rules sought;
4. (2) a clear explanation of why the dispensation, modification or reimposition is required;
5. (3) details of any special requirements, such as the date by which the dispensation, modification or reimposition is required; and
6. (4) all relevant information relating to the person of which the FCA would reasonably expect notice.

1. (1) The application in SSR 7.4.1R must be submitted in the manner specified on the short selling section of the FCA website.
2. (2) The application must be accompanied by copies of any documents relevant to the application.

1. (1) The FCA may request such further information and documents as it reasonably considers to be necessary to determine the application.
2. (2) Different information may be required in relation to different applications or categories of application.