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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.

administrative functions

      1. 4(a) (in relation to managing investments):
        1. (i) arranging settlement;
        1. (ii) monitoring and processing corporate actions;
        1. (iii) client account administration, liaison and reporting, including valuation and performance measurement;
        1. (iv) ISA58 or CTF administration;16
        1. (v) investment trust savings scheme administration;
      1. (b) (in relation to effecting or carrying out life policies):
        1. (i) new business administration;
        1. (ii) policy alterations including surrenders and policy loans;
        1. (iii) preparing projections;
        1. (iv) processing claims including pension payments;
        1. (v) fund switching;
      1. (c) (in relation to the operation of a stakeholder pension scheme):
        1. (i) new business administration;
        1. (ii) receipt of or alteration to contributions;
        1. (iii) preparing projections and annual statements;
        1. (iv) administration of transfers;
        1. (v) handling claims, including pension payments;
        1. (vi) fund allocation and switching.