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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.

You are viewing the version of the document as on 2019-12-09.

Status: In this content, we have included all amendments made by EU exit-related instruments up to end September 2020. There will be more amendments to be made later this year, further to the September QCP.

CONC TP 5 Transitional provisions for prudential provisions in relation to debt management firms

(1)

(2)

Material to which the transitional provision applies

(3)

(4)

Transitional provision

(5)

Transitional provision: dates in force

(6)

Handbook provision coming into force

5.1

CONC 10.3.3 R

A firm can calculate its prudential resources without deducting items 2 and 3 in CONC 10.3.3 R

From 1 April 2014 to 31 March 2017

1 April 2014

5.2

CONC 10.3.5 R

b = items 1, 4 and 5 in the Table of items which must be deducted from a firm's prudential resources (see CONC 10.3.3 R)

From 1 April 2014 to 31 March 2017

1 April 2014

5.3

CONC 10.3.6 G

The guidance at CONC 10.3.6 G should be read in the light of TP 5. 2

From 1 April 2014 to 31 March 2017

1 April 2014