A dispensation or modification may be either unconditional or subject to specified conditions.
If a primary information provider or a person that is applying for approval as a primary information provider has applied for, or been granted, a dispensation or modification, it must notify the FCA immediately it becomes aware of any matter which is material to the relevance or appropriateness of the dispensation or modification.
The FCA may revoke or modify a dispensation or modification.
The application must:
contain a clear explanation of why the dispensation or modification is requested;
include details of any special requirements, for example, the date by which the dispensation or modification is required;
contain all relevant information that should reasonably be brought to the FCA's attention;
contain any statement or information that is required by DTR 8 to be included for a specific type of dispensation or modification; and
include copies of all documents relevant to the application.
Address for correspondence
Primary Market Monitoring
The Financial Conduct Authority
12 Endeavour Square1
Fax: 0207 066 8349.