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.

LR 17.1 Application

LR 17.1.1RRP

1This chapter applies to

  1. (1)

    an issuer of any of the following types of securities:

    1. (a)

      debt securities;

    2. (b)

      asset-backed securities;

    3. (c)

      certificates representing debt securities;

    4. (d)

      specialist securities of the following types:

      1. (i)

        convertible securities which convert to debt securities;

      2. (ii)

        convertible securities which convert to equity securities;

      3. (iii)

        convertible securities which are exchangeable for securities of another company; and 2

      4. (iv)

        preference shares2

LR 17.1.2GRP

An issuer, as described in LR 17.1.1 R includes:

  1. (1)

    a state monopoly;

  2. (2)

    a state finance organisation;

  3. (3)

    a statutory body; and

  4. (4)

    an OECD state guaranteed issuer.

LR 17.1.3GRP

A state, a regional or local authority or a public international body with listed debt securities should see LR 17.5 for its continuing obligations