REC Sch 6 Rules that can be waivedREC Sch 6.1G01/12/2004 The notification rules in REC 3 and REC 6 can be waived by the FSA under section 294 of the Act (Modification or waiver of rules). (The statutory notification requirements, also summarised in Schedule 2 to REC, cannot be waived by the FSA.) The fees rules in REC 7 cannot be waived by the FSA.