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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.

counterparty risk

    118(in COLL and FUND148) the risk of loss for a UCITS or an AIF148 resulting from the fact that the counterparty to a transaction may default on its obligations prior to the final settlement of the transaction's cash flow.