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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.

structured deposit

    (in accordance with article 3 of the Regulated Activities Order) a deposit which is fully repayable at maturity on terms under which interest or a premium will be paid or is at risk, according to a formula involving factors such as:161213

      1. (a) an index or combination of indices, excluding variable rate deposits whose return is directly linked to an interest rate index such as EURIBOR or LIBOR; or161213
      1. (b) a financial instrument or combination of financial instruments; or161213
      1. (c) a commodity or combination of commodities or other physical or non-physical non-fungible assets; or161213
      1. (d) a foreign exchange rate or combination of foreign exchange rates.161213

    [Note: article 4(1)(43) of MiFID]161213