We provide a number of waivers and modifications by consent for different firms. Learn more about each one and the types of firm that are eligible.
We offer waivers and modifications by consent when an unmodified rule in our Handbook doesn't meet the circumstances of a particular category of firm. When this happens, we publicise this so that relevant firms can take advantage of the waiver.
Every month we update the list of available waivers and modifications by consent below.
If a modification by consent applies to your firm, you can notify us to take advantage of the modification rather than complete an application form. To do this, follow the instructions on the page for each modification.
We may have already notified your firm about a modification if it fits a particular category.
Conduct of Business Sourcebook (COBS)
This modification is available to providers of Child Trust Funds (CTFs) wishing to move matured CTFs to a protected account ISA, or by bulk transfer to a new provider, when the client is deemed as 'gone away' or is uncontactable.
This modification allows defined contribution schemes to provide an additional projection within Statutory Money Purchase Illustrations (SMPIs), without it being subject to our projection rules.
Collective Investment Schemes Sourcebook (COLL)
Available to the depositary of a non-UCITS retail scheme (NURS) whose investment objective and policy include the power to invest in immovable property. For a NURS constituted as an ICVC, it also applies to the ICVC itself.
Supervision Manual (SUP)
This modification will enable The Employer’s Liability Trading Office to be classed as 'an auditor' for the purposes of SUP 16.23A.6(1).
Client Assets (CASS)
For firms that have been classified as CASS Medium or CASS Large as a result of their client money holdings and have now wound up their client money holdings and cancelled their client money permissions.
GEN, SYSC, TC, MIPRU, ICOBS, PROD and SUP
Applies to certain EEA firms operating a branch in the United Kingdom with a Part 4A permission to carry out regulated activities relating to non-investment insurance contracts.
This modification is available for FCA-regulated operators of a relevant pension scheme who are not able to connect 100% of their pension scheme member data to the MaPS (Money and Pension Service) dashboards digital architecture, and comply with COBS 19.11, by the ‘connect by’ dates set out in the Department for Work and Pensions guidance (Pensions dashboards: guidance on connection: the staged timetable). The relevant dates set out in the Department for Work and Pension guidance are 30 April 2025 for firms with 5,000 or more relevant pension scheme members and 31 January 2026 for those with fewer than 5,000 relevant pension scheme members.