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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.

You are viewing the version of the document as on 2018-12-09.

Status: In this content, we have included all amendments made by EU exit-related instruments up to end September 2020. There will be more amendments to be made later this year, further to the September QCP.


    (in relation to investments of an authorised fund) intended that the holders should participate in or receive:

      1. (a) profits or income arising from the acquisition, holding, management or disposal of investments of the relevant description; or
      1. (b) sums paid out of profits or income in (a); or
      1. (c) other benefits where expressly permitted by a provision in 50COLL.50 3