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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.

sectoral rules

      1. 120
        1. (in relation to a financial sector) rules and requirements relating to the prudential supervision of regulated entities applicable to regulated entities in that financial sector as follows:
          1. (a) (for the purposes of GENPRU 3.1.12 R (Definition of financial conglomerate: Solvency requirement)) UK prudential sectoral regulation180 for that financial sector together with as appropriate the rules and requirements in (c); or
          1. (b) (for the purpose of calculating solo capital resources and148 a solo capital resources requirement148):
            1. (i) (to the extent provided for in paragraphs 6.4 to 6.6 of GENPRU 3 Annex 1R) rules and requirements that are referred to in hose paragraphs; and
            1. (ii) the rules and requirements in (c); or
          1. (c) (for all other purposes) rules and requirements of the appropriate regulator
          and so that:
          1. (d) (in relation to consolidated supervision for any financial sector) those requirements include ones relating to the form and extent of consolidation;
          1. (e) (in relation to any financial sector) those requirements include ones relating to the eligibility of different types of capital;
          1. (f) (in relation to any financial sector) those requirements include both ones applying on a solo basis and ones applying on a consolidated basis; and131
          1. 131(g) [deleted]131
          1. (h) references to the appropriate regulator's sectoral rules are to sectoral rules in the form of rules and, as applicable, the UK CRR180.