Relaxation of IFSC GIC regulations allowed; applicants file fee-paid application and decision issued with reasons within 30 days. The Authority may, in writing and in the interest of development of the financial services market, relax strict enforcement of any regulation. Applicants must submit a detailed, fee-paid application; complete applications will be processed within thirty days of receipt or after responses to clarifications, and the Authority must record written reasons for granting or refusing the relaxation.