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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.

rolling spot forex contract

    either of the following:

      1. (a) a future, other than a future traded or expressed to be as traded on a recognised investment exchange, where the property which is to be sold under the contract is foreign exchange or sterling; or
      1. (b) a contract for differences where the profit is to be secured or loss avoided by reference to fluctuations in foreign exchange; and

    in either case where the contract is entered into for the purpose of speculation.538