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If the Committee is satisfied, in all the circumstances of the case of the Associate's fitness to become a Fellow, the Committee may in its absolute discretion vary or waive the requirements of regulation 1 in respect of:
an Associate whose period of membership of ICAEW, commencing on or after 1 July 1978, has not been continuous but in aggregate has not been fewer than ten years;
an Associate who has joined ICAEW through a reciprocal membership agreement or through the Membership and Co-operation Agreement with the Hong Kong Institute of Certified Public Accountants or through the recognition granted to members of Common Content bodies;
An Associate who is, in the judgement of the Committee, a senior member of the profession.
Powers of variation
The Committee shall have the power to vary or waive the above regulations.