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 https://www.handbook.fca.org.uk/handbook?date=31-12-2020&timeline=True (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 10.7 Exemption

IFPRU 10.7.1 R

This chapter does not apply to a firm that meets the condition in IFPRU 10.7.2 R.

[Note: articles 129(2) (part) and 130(2) (part) of CRD]

IFPRU 10.7.2 R RP
  1. (1)

    The condition referred to in IFPRU 10.7.1 R is that the firm is a SME (as defined in article 4(1)(131) of the UK CRR) investment firm1.

  2. (2)

    [deleted]1

[Note: articles 129(4) and 130(4) of CRD]