(1) Where the Board decides that it is appropriate to impose or amend any conditions imposed as regards the administration or marketing of a personal pension scheme, the Board shall give to the licensed trustee

(a) notice of not less than thirty days of its decision and the reasons; and

(b) an opportunity to make written representations to the Board,

(2) The Board may waive an applicant’s compliance with a condition imposed

(a) in a particular case, and

(b) where the person satisfies the Board that compliance is not, or has not been, reasonably practicable in all the circumstances of that case.

(3) The Board shall not impose or amend any conditions with respect to the marketing of a registered scheme under this section unless the imposition or amendment, is within the ambit of the guidelines.