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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.

excess LLP members' drawings

    35the amount by which the aggregate of the amounts withdrawn by a limited liability partnership's members exceeds the profits of that firm, as calculated in accordance with IPRU(INV) Annex A 2.5R (Limited liability partnership excess drawings).