Power to exempt
11.—(1) The CAA may exempt from the need to hold an ATOL any person or any class or description of persons.
(2) The CAA may exempt from any of the provisions of these Regulations any person or class or description of persons that hold an ATOL provided the CAA is satisfied that consumers will receive a level of consumer protection equivalent to that which would otherwise be required under these Regulations.
(3) Any exemption issued under paragraph (1) or (2)—
(a)must be in writing;
(b)may be subject to such conditions as the CAA thinks fit;
(c)may be revoked or varied in writing by the CAA; and
(d)must be published by the CAA.
(4) An exemption issued under paragraph (1) or (2) comes into force on the day after the date on which such exemption is published by the CAA.