SRA Handbook

Waivers

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Version 18 of the Handbook was published on 01/11/2016. For more information, please click 'History' Above

Rule 11: Waivers

11.1

In any particular case or cases the SRA shall have power to waive in writing any of the provisions of these rules, but shall not do so unless it appears that:

(a)

compliance with them would be unduly burdensome having regard to the benefit which compliance would confer on clients or third parties; and

(b)

the exercise of the power would not result in any undue risk to clients or third parties.

Note

(i)

For the avoidance of doubt, the SRA will not waive rules that implement any of the requirements of the Directive 2008/48/EC on credit agreements for consumers. See also the SRA's Waivers policies.

11.2

The SRA shall have power to revoke any waiver.