Regulatory relaxation for foreign portfolio investors may be granted for procedural or uncontrollable non-compliance subject to conditions. Relaxation from strict enforcement of the Foreign Portfolio Investors Regulations may be granted by the Board on its own motion or on application by a foreign portfolio investor, if reasons are recorded in writing and the Board is satisfied that the non-compliance arose from factors beyond control or that the requirement is procedural or technical in nature. The relaxation remains subject to conditions considered fit in the interests of investors, the securities market, and market development, and the application must be accompanied by a non-refundable fee payable in eligible foreign exchange equivalent through permitted banking modes.