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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.

market risk

      1. (1) (in COLL and FUND84) the risk of loss for a UCITSor AIF84 resulting from fluctuation in the market value of positions in the84 fund's 84 portfolio attributable to changes in market variables, such as interest rates, foreign exchange rates, equity and commodity prices or an issuer's credit worthiness.75
      1. (2) (except in COLL and FUND84) (in relation to a firm) the risks that arise from fluctuations in values of, or income from, assets or in interest or exchange rates.75