Section 9

Introduction

1 In this Schedule “regulations” means regulations under section 9.

2 Regulations made by virtue of a provision of this Schedule may confer a discretion on the Regulator.

Waiver of requirement for authorisation

3

(1) Regulations may permit the Regulator to waive the requirement for authorisation, as mentioned in section 4(1)(c), in specified cases or circumstances.

(2) Regulations by virtue of this sub-paragraph may permit waiver in relation to a person only -

(a) if the Secretary of State intends to exempt the person under section 6, and

(b) for a single period not exceeding six months.

(3) The regulations may, in particular, permit or require the Regulator to provide for waiver to be subject to a condition of a kind specified in the regulations.

Grant of authorisations

4

(1) Regulations shall prescribe the procedure for applying to the Regulator for authorisation.