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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.

authorised payment institution

    (in accordance with regulation 2(1) of the Payment Services Regulations):141

      1. (a) a person authorised as a payment institution pursuant to regulation 6 of the Payment Services Regulations (conditions for authorisation as a payment institution) and included by the FCA in the Financial Services Register as an authorised payment institution pursuant to regulation 4(1)(a) of the Payment Services Regulations (the register of certain payment service providers); or141
      1. (b) a person included by the FCA in the Financial Services Register pursuant to regulation 150 or 152(2), and 153(1) of the Payment Services Regulations (Transitional and saving provisions: authorised payment institutions).141