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  • 9. The DFSA powers to waive or modify the Law

    (1) The DFSA may where it considers it appropriate or desirable in the interests of the DIFC to do so:
    (a) on the application of a person; or
    (b) with the consent of a person;
    by means of a written notice provide that one or more provisions of this Law either:
    (c) shall not apply in relation to such person; or
    (d) shall apply to such person with such modifications as are set out in the written notice.
    (2) A written notice may be given subject to conditions.
    (3) A person to whom a condition specified in a written notice applies shall comply with the condition.
    (4) The DFSA shall take such steps as necessary to bring the notice referred to in Article 9(1) to the attention of:
    (a) those likely to be affected by it; and
    (b) others who may be likely to become subject to a similar notice.
    (5) The DFSA may:
    (a) on its own initiative or on the application of the person to whom it applies, withdraw a written notice issued pursuant to Article 9(1); or
    (b) on the application of, or with the consent of, the person to whom that notice applies, vary such a written notice.
    (6) The DFSA maymake Rules in connection with the provision of a written notice under this Article, including Rules prescribing procedures for the making of applications and providing of consents.