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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.

personal transaction

    46a trade in a designated investment effected by or on behalf of a relevant person, where at least one of the following criteria are met:

      1. (1) that relevant person is acting outside the scope of the activities he carried out in that capacity;
      1. (2) the trade is carried out for the account of any of the following persons:
        1. (a) the relevant person;
        1. (b) the spouse or civil partner of the relevant person or any partner of that person considered by national law as equivalent to a spouse;
        1. (c) a dependent child or stepchild of the relevant person;
        1. (d) any other relative of the relevant person who has shared the same household as that person for at least one year on the date of the personal transaction concerned;
        1. (e) any person with whom he has close links;
        1. (f) a person whose relationship with the relevant person is such that the relevant person has a direct or indirect material interest in the outcome of the trade, other than a fee or commission for the execution of the trade.

    [Note: article 16(2) of MiFID and article 28 of the MiFID Org Regulation157]