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    <title>Power to relax strict enforcement of the regulations</title>
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    <description>Relaxation of strict enforcement of payment and settlement system requirements may be granted in the interest of financial market development, with written reasons. Applicants must identify the requested relaxation and grounds, pay the prescribed non-refundable fee, and provide a complete application, including clarification responses. The application must be processed within sixty days of receipt, with recorded reasons for acceptance or refusal.</description>
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      <description>Relaxation of strict enforcement of payment and settlement system requirements may be granted in the interest of financial market development, with written reasons. Applicants must identify the requested relaxation and grounds, pay the prescribed non-refundable fee, and provide a complete application, including clarification responses. The application must be processed within sixty days of receipt, with recorded reasons for acceptance or refusal.</description>
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