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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.

public sector entity

    43(178for the purposes of BIPRU115) any of the following:

      1. (a) non-commercial administrative bodies responsible to central governments, regional governments or local authorities; or
      1. (b) authorities that exercise the same responsibilities as regional and local authorities; or
      1. (c) non commercial undertakings owned by central governments that have explicit guarantee arrangements; or
      1. (d) self administered bodies governed by law that are under public supervision.

    [Note: article 4(18) of the Banking Consolidation Directive (Definitions)]178