Vary or cancel a waiver

Follow these steps to vary or cancel a waiver that your firm has applied for.

A waiver or modification will be specific to the agreement that your firm submits as part of its application. This means that if any terms of the agreement change, for example if your firm's business changes, you'll need to apply for a new waiver or modification – even if your firm is offering the same product.

Varying a waiver

Once we have given a waiver, we may vary it with your consent, on your application.

You can apply to us to vary a waiver through Connect.

If we've given a waiver to several firms through a modification by consent, we may vary the waiver with the consent of affected firms.

Cancelling a waiver

If you want to cancel a waiver because it's no longer needed, please notify us by emailing [email protected].

We'll then remove the waiver from the Financial Services Register.


We, or the Prudential Regulation Authority (PRA), may revoke a waiver or modification at any time.

We'll consider if the conditions in the Act are no longer satisfied and whether the waiver is otherwise no longer applicable.

If we revoke your firm's waiver or modification

You'll receive written notice of revocation (whether proposed or revoked) with immediate effect.

You'll usually have 28 days to respond to us about this. We'll then write to you to either confirm the revocation or ask your firm to consent to a new waiver.

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