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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.

banking customer

    32(in BCOBS):

      1. (a) a consumer;
      1. (b) a micro-enterprise; or
      1. (c) a charity which has an annual income of less than £1 million.

    A natural person acting in a capacity as a trustee is a banking customer if he is acting for purposes outside his trade, business or profession.