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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.

skilled person

    a person appointed to make a report required by section 166 (Reports by skilled persons) or section 166A (Appointment of skilled person to collect and update information) of the Act for provision to the appropriate regulator and who must be a person:204

      1. 204(a) nominated, approved or appointed by the appropriate regulator; and204
      1. 204(b) appearing to the appropriate regulator to have the skills necessary to make a report on the matter concerned.204