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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.

qualifying holding

    10 (1) [deleted]35

    (2) (otherwise) a28 direct or indirect holding in an investment firm which represents 10% or more of the capital or of the voting rights, as set out in articles 9 and 1028 of the Transparency Directive, taking into account the conditions regarding aggregation in article 12(4) and (5) of that Directive,28 or which makes it possible to exercise a significant influence over the management of the investment firm in which that holding subsists.11

    [Note: article 4(1)(31)28 of MiFID]