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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.

mixed financial holding company

    132a parent undertaking, other than a regulated entity, which meets the following conditions:40

      1. (a) it, together with its subsidiary undertakings, at least one of which is an UK regulated entity132, and other entities, constitutes a financial conglomerate;40
      1. (b) it has been notified by its coordinator that its group is a financial conglomerate in accordance with Regulation 1(2) of the Financial Groups Directive Regulations132; and40
      1. (c) it has not been notified that its coordinator has agreed not to treat the group as a financial conglomerate where such group, in terms of the tests in GENPRU 3 Annex 4132:8540
        1. (i) does not meet Threshold Test 2 but meets Threshold Test 3; or132
        1. (ii) meets Threshold Test 2 but not Threshold Test 3.132