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.

PRIN TP 1 Transitional provisions

PRIN TP 1.1

Material to which the transitional provision applies

Transitional Provision

Transitional Provision: dates in force

Handbook provision: coming into force

11.

PRIN 1 Annex 1 R 1.2(2)

R

A firm need not comply with PRIN Ann 1R 1.2(2) in relation to an eligible counterparty if the client was correctly categorised as a market counterparty on 31 October 2007 and the firm complied with COB 4.1.12 R (2) (Large intermediate customer classified as market counterparty).

From 1 November 2007 indefinitely

1 November 2007