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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.


    (in PRR156 and LR 4) (as defined in the Prospectus Regulation) a communication with both of the following characteristics156:

      1. (a) relating to a specific offer to the public of securities or to an admission to trading on a regulated market; and
      1. (b) aiming to specifically promote the potential subscription or acquisition of securities.23