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    <title>Power to relax strict enforcement of the regulations</title>
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    <description>Relaxation of regulatory requirements may be granted by the Authority in the interest of developing and regulating financial services in an IFSC. A request must be made through an application stating the relevant details and grounds and accompanied by a non-refundable fee of USD 1500. A complete application must be processed within thirty days, with reasons recorded for acceptance or refusal. Reasons for rejection must be communicated to the applicant.</description>
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      <description>Relaxation of regulatory requirements may be granted by the Authority in the interest of developing and regulating financial services in an IFSC. A request must be made through an application stating the relevant details and grounds and accompanied by a non-refundable fee of USD 1500. A complete application must be processed within thirty days, with reasons recorded for acceptance or refusal. Reasons for rejection must be communicated to the applicant.</description>
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