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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.

deferred share

      1. (1) (other than in CREDS and COMP) in relation to a building society, a deferred share as defined in the Building Societies (Deferred Shares) Order 1991.74
      1. (2) (in CREDS and COMP 5.3.1 R (2)(cA)) in relation to a Great Britain credit union,75 means any share of a class defined as a deferred share by section 31A of the Credit Unions Act 1979.74