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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.

banking and investment group

    13a group of persons (at least one of which is a UK regulated entity75 that is a credit institution or an investment firm) who:

      1. (a) form a group in respect of which the consolidated capital adequacy requirements for the banking sector or the investment services sector under:
        1. (i) the78 appropriate regulator's 78 sectoral rules; or
        1. (ii) [deleted]75
      1. (b) would form such a group if the scope of those sectoral rules were amended as described in paragraph 3.1 of GENPRU 3 Annex 2 23 (removing restrictions relating to place of incorporation or head office of members of those financial sectors).