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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.

settlement discount scheme

    36(in DEPP and EG58) the scheme described in DEPP 6.7 58 by which the financial penalty that might otherwise be payable, or the length of the period of suspension or restriction that might otherwise be imposed,99 in respect of a person's misconduct or contravention may be reduced to reflect the timing of any settlement agreement162.