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    <title>Power to relax strict enforcement of the regulations</title>
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    <description>The Authority may relax strict enforcement of regulatory provisions where this supports development of the pension ecosystem in an International Financial Services Centre, with reasons recorded in writing. Applicants must provide the details and grounds for relaxation and pay the specified non-refundable fee. Complete applications must be processed within sixty days of receipt or receipt of requested clarifications. Acceptance or refusal must be supported by written reasons.</description>
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