(1) In this section “rules” means—
(a) trust scheme rules; or
(b) scheme particulars rules.
(2) The [FCA] may, on the application or with the consent of any person to whom any rules apply, direct that all or any of the rules—
(a) are not to apply to him as respects a particular scheme; or
(b) are to apply to him, as respects a particular scheme, with such modifications as may be specified in the direction.
(3) The [FCA] may, on the application or with the consent of the manager and trustee of a particular scheme acting jointly, direct that all or any of the rules—
(a) are not to apply to the scheme; or
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