Relaxation of regulatory requirements permits the Board to ease enforcement for procedural, irrelevant disclosure, or beyond-control noncompliance. Regulation 113 grants the Board the power to relax strict enforcement of regulatory requirements in the interest of investors or market development if the requirement is procedural, a disclosure is not relevant to a class of industry or issuer, or non compliance was due to factors beyond the issuer's control. Applicants must file a detailed application stating grounds for relaxation and pay the prescribed non refundable fee by permitted payment methods.