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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.

safeguarding and administration of assets (without arranging)

    that part of safeguarding and administering investments which consists of both:

      1. (a) the safeguarding of assets belonging to another; and
      1. (b) the administration of those assets. 5