Where an incoming EEA firm obtains top-up cover under COMP 14.2, the FSCS must co-operate with that firm's Home State compensation scheme. In particular, the FSCS must2 seek to establish with that firm's Home State compensation scheme appropriate procedures for the payment of compensation to claimants, following the principles set out in3 Annex II of the Investor Compensation Directive3.1111
Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.