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.

FEES App 2 Annex 3 Glossary of definitions

G

1The following words or terms used in FEES Appendix 2 appearing in bold (other than headings and titles) have the meanings given to them below.

1Expression

Definition

beneficial owner

has the meaning given in Regulation 3 of the MLR.

day

a period of 24 hours beginning at midnight.

FCA

Financial Conduct Authority.

fee year

1 April to 31 March inclusive.

firm

has the meaning given in Regulation 3 of the MLR.

manager

has the meaning given in Regulation 3 of the MLR.

MLR

the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (SI 2017/692).

month

(in accordance with the Interpretation Act 1978) a calendar month.

officer

has the meaning given in Regulation 3 of the MLR.

OPBAS Regulations

the Oversight of Professional Body Anti-Money Laundering and Counter Terrorist Financing Supervision Regulations 2017 (SI 2017/1301).

person

(in accordance with the Interpretation Act 1978) any person, including a body of persons corporate or unincorporate (that is, a natural person, a legal person and, for example, a partnership).

professional body supervisor

a professional body listed in Schedule 1 to the MLR.

relevant person

has the meaning given in Regulation 3 of the MLR.

supervised

is subject to supervision by a professional body supervisor in its capacity as supervisory authority within the meaning of Regulation 7(1)(b) of the MLR.