Power to relax strict enforcement of the regulations on the basis of application

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....an application, in the interest of investors or securities market or for the development and regulation of the securities market, relax the strict enforcement of any requirements of these regulations, if the Board is satisfied that: (a) any provisions of Act, rules or regulations under which the entity is established or is governed by, is required to be given precedence to; (b) t....

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....ought by the applicant. (5) Any person submitting a letter or written communication under this regulation may request, along with the reasons, confidential treatment for a specified period not exceeding one hundred and eighty days commencing from the date of the Board's response. (6) The request received for confidential treatment shall be subject to the following provisions- (a) If....