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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.

permitted loans

    59in relation to permitted links, a loan with any of the following:

      1. (a) an approved credit institution; or
      1. (b) an approved financial institution; or
      1. (c) an approved investment firm; or
      1. (d) any person, provided that the loan:
        1. (i) is documented in a written agreement setting out the rate of interest and the amount of, and due dates for, repayments; and
        1. (ii) is fully secured by a mortgage or charge on permitted land and property that, if made to someone other than a body corporate, is not used wholly or mainly for domestic purposes.