Relaxation of market-abuse requirements requires written reasons, a substantiated application, prescribed fee, and reasoned processing within the specified period. The Authority may relax strict enforcement of any market-abuse regulatory requirement where this serves development of the financial services market in ... Summary
Relaxation of market-abuse requirements requires written reasons, a substantiated application, prescribed fee, and reasoned processing within the specified period.
The Authority may relax strict enforcement of any market-abuse regulatory requirement where this serves development of the financial services market in the International Financial Services Centre, with reasons recorded in writing. An applicant must submit grounds and details of the requested relaxation with the prescribed non-refundable fee. A complete application, including clarification responses, must be processed within sixty days, and reasons must be recorded for acceptance or refusal.
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