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.

Status: This chapter was amended on 31 December 2020 as a result of Brexit. However, it is subject to the FCA Prudential Transitional Direction, which means that firms should not comply with these provisions yet. Instead, firms must follow this link and continue to comply with pre-IP completion day requirements (unless specified otherwise in the Direction). To see a full list of Handbook modules affected, please see Section B of the Annex to the Direction.

IFPRU 1.4 UK CRR permissions1


A firm which has applied for, or has been granted, a permission under the UK CRR2 must notify the FCA immediately if it becomes aware of any matter which could affect the continuing relevance or appropriateness of the application or permission.


The reference to 'permission' in IFPRU 1.4.1 R includes any approval, consent or agreement referred to under the UK CRR2 for which the FCA has been conferred powers as competent authority by the UK CRR2.