[138A Modification or waiver of rules]

[Chapter 2
Rules: Modification, Waiver, Contravention and Procedural Provisions]

[Modification or waiver of rules]

[138A  Modification or waiver of rules]

[(1)     Either regulator may, on the application or with the consent of a person who is subject to rules made by that regulator, direct that all or any of those rules—

(a)     are not to apply to that person, or

(b)     are to apply to that person with such modifications as may be specified in the direction.

(2)     Subsection (1) does not apply to—

[(za)     rules made by either regulator under section 64A (rules of conduct);]

(a)     rules made by either regulator under section 137O

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