Regulation 62 Power to modify requirements in relation to particular societies
The Chief Registrar may, on the application or with the consent of an authorised society, direct that all or any of the provisions specified in paragraph (4) of this regulation shall not apply to the society or shall apply to it with such modifications as the Chief Registrar may specify.
Where the Chief Registrar makes a direction under this regulation, he may make it subject to conditions.
the Chief Registrar may withdraw a direction under this regulation at any time; and he may vary any such direction on the application or with the consent of the society to which it relates.
The provisions to which this regulation applies are–
Regulation 11, in any case in which the Chief Registrar is satisfied on the basis of information made available to him by the society that it possesses its required margin of solvency;
Regulations 34 to 58, in any case in which the Chief Registrar is satisfied that a provision contained in those Regulations is impracticable or unduly onerous or otherwise inappropriate in the circumstances of a society;
Regulation 12, in the case of a society to which the Chief Registrar has issued a direction pursuant to regulation 32(1).