In relation to the Consumer Credit Jurisdiction only, FOS Ltd may dispense with, or modify, the application of the rules in this chapter to licensees where it considers it appropriate to do so and is satisfied that:
(1) compliance by the licensee with the rules would be unduly burdensome or would not achieve the purpose for which the rules were made; and
(2) it would not result in undue risk to the persons whose interests the rules were intended to protect.