A. Yes, an application can be made. These should be received by the Central Bank before 1 November 2015. It is essential to submit applications promptly as, from 1 November, any existing waivers will automatically cease to apply and cannot be relied on thereafter. However, where an application to continue an existing waiver is received before 1 November, the Central Bank will communicate with you concerning your proposed waiver and will make bilateral arrangements with you with regard to the continuation of the waiver during the period that the application is being assessed.

Other than in the circumstances described in ID 1030, new waivers cannot be granted automatically and the merits of each proposed waiver will be reassessed by the Central Bank on a case-by-case basis. Accordingly, the application must refer t

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