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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.

dilution risk

    124the risk that an amount receivable is reduced through cash or non-cash credits to the obligor.

    [Note: article 4(24) of the Banking Consolidation Directive (Definitions)]124