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.

TC TP 9 Transitional Provisions relating to MCD credit agreement activities

(1)

(2)

(3)

(4)

(5)

(6)

Material to which the transitional provision applies

Transitional provision

Transitional provision: dates in force

Handbook provisions: coming into force

9.1

2.1.5B

R

[expired]2

1

2

2

9.2

2.1.5C

R

A firm acting as an MCD creditor or an MCD credit intermediary may, until 21 March 2019, assess the knowledge and competency of the relevant employee solely on the basis of their professional experience.

[Note: annex III (3) of the MCD]

From 21 March 2016 to 21 March 2019

21 March 2016