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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.

You are viewing the version of the document as on 2012-12-13.

Status: In this content, we have included all amendments made by EU exit-related instruments up to end September 2020. There will be more amendments to be made later this year, further to the September QCP.

MAR 4.4 Exceptions

MAR 4.4.1RRP

This chapter is subject to the following exceptions:

  1. (1)

    this chapter does not require an authorised professional firm to contravene any rule or principle of, or requirement of a published guidance note relating to, professional conduct applying generally to members of the profession regulated by its designated professional body;

  2. (2)

    this chapter does not prevent an authorised professional firm from providing professional advice, that is, in accordance with section 327(8) of the Act, advice:

    1. (a)

      which does not constitute carrying on a regulated activity; and

    2. (b)

      the provision of which is supervised and regulated by a designated professional body;

  3. (3)

    this chapter does not have effect in relation to an authorised professional firm in respect of non-mainstream regulated activity; and

  4. (4)

    this chapter does not apply to:

    1. (a)

      a UCITS qualifier; or

    2. (b)

      an incoming EEA firm which has permission only for cross border services and which does not carry on regulated activities in the United Kingdom.