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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.

venture capital investment

    a designated investment which, at the time the investment is made, is:

      1. (a) in a new or developing company or venture; or
      1. (b) in a management buy-out or buy-in; or
      1. (c) made as a means of financing the investee company or venture and accompanied by a right of consultation, or rights to information, or board representation, or management rights; or
      1. (d) acquired with a view to, or in order to, facilitate a transaction falling within (a) to (c).1