waiver

a direction waiving or modifying a rule, given by the appropriate regulator 38 under section 138A of the Act (Modification or waiver of rules) or by the FCA under sections38 250, 261L24 or 294 of the Act (Modification or waiver of rules38) or regulation 7 of the OEIC Regulations (see SUP 8 and REC 3.3).3