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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.

ancillary insurance services undertaking

    14(in relation to any undertaking in a consolidation group, sub-group or other group of persons) an undertaking complying with the following conditions:

      1. (a) its principal activity consists of:
        1. (i) owning or managing property; or
        1. (ii) managing data-processing services; or
        1. (iia) providing health and care services; or132
        1. (iii) any other similar activity;
      1. (b) the activity in (a) is ancillary to the principal activity of one or more insurance undertakings; and37
      1. (c) those insurance undertakings are also members of that consolidation group, sub-group or other group of persons37.37
      37