[261L Modification or waiver of rules]
[261L Modification or waiver of rules]

[(1)     In this section “rules” means—

(a)     contractual scheme rules; or

(b)     contractual scheme particulars rules.

(2)     The FCA may, on the application or with the consent of any person to whom rules apply, direct that all or any of the rules—

(a)     are not to apply to that person as respects a particular scheme; or

(b)     are to apply to that person, 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 operator and depositary of a particular scheme acting jointly, direct that all or any of the rules—

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270 . . .
271 . . .