The SRA Handbook is no longer in effect. It was replaced by the SRA Standards and Regulations on 25 November 2019.

SRA Handbook


Version 21 of the Handbook was published on 06/12/2018. For more information, please click 'History' Above

Rule 11: Waivers


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:


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


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



For the avoidance of doubt, the SRA will not waive rules that implement any of the requirements of Directive (EU) 2016/97 on insurance distribution or Directive 2008/48/EC on credit agreements for consumers. See also the SRA's Waivers policy.


The SRA shall have power to revoke any waiver.