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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.

sending dematerialised instructions

    the regulated activity, specified in article 45(1)of the Regulated Activities Order, of sending, on behalf of another person, dematerialised instructions relating to a security, where those instructions are sent by means of a relevant system in respect of which an operator is approved under the 200133 Regulations;in this definition:

      1. (a) "the 33200133 Regulations" means the Uncertificated Securities Regulations 332001 (SI 2001/3755)33;
      1. (b) "dematerialised instruction" and "operator" have the meaning given by regulation 3 of the 33200133 Regulations.5