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FEES TP 22 Transitional provisions relating to FSCS levy arrangements for TP firms from IP completion day







Material to which the transitional provision applies

Transitional provision

Transitional provision: dates in force

Handbook provision: coming into force


FEES 6.5.9R


The rule referred to in column (2) does not apply to TP firms.

From IP completion day, indefinitely2

IP completion day2




FEES TP 22.1R means that a TP firm that becomes a participant firm part way through a financial year of the compensation scheme will be required to pay a share of a compensation costs levy and a specific costs levy.


The changes made to FEES 6 by the Exiting the European Union: Temporary Permission and Financial Services Contracts Instrument 2019


The changes in (2) apply to any levy made after IP completion day2. This is so even if:

(1) the claim against the relevant person or successor in default arose or relates to circumstances arising before that date; or

(2) the relevant person or successor was in default before that date.

From IP completion day2, indefinitely

IP completion day 2