3.1 When a regulated party wishes to apply for an exemption or extension, we expect it to provide detailed information. This should include sufficient evidence to satisfy us that an exemption or extension is appropriate in the circumstances, in particular by reference to the relevant factors identified in this guidance. In line with their obligations under GD1, regulated parties must ensure that applications for an exemption or extension do not contain inaccurate, misleading or false information. The applicant must notify us should it become aware of any relevant change to information it has previously provided in the context of its application.
3.2 When considering whether to request an extension or exemption, regulated parties should not make their own judgements or reach decisions that are properly for us.
3.3 In certain circumstances, we will require specific information to enable us to make a decision.
3.4 Application forms for individual directions can be found here: psr.org.uk/p
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