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 Sch 6 Rules that can be waived

LR Sch 6.1G

2As a result of section 138A of the Act (Modification or waiver of rules)5 the FCA5 has power to waive all its rules, other than rules made under section 137O (Threshold condition code),5 section 247 (Trust scheme rules), section 248 (Scheme particular rules), section 261I (Contractual scheme rules) or section 261J (Contractual scheme particulars rules)3 of the Act.4

LR Sch 6.2G

2In addition section 82 (Exemptions from disclosure) of the Act provides the FCA with discretion to authorise omissions from disclosure requirements derived from the Consolidated Admissions and Reporting Directive in the circumstances specified in that section.