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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.

RAP recognition requirements

    205(1) (in relation to a RAP) any of the requirements applicable to a RAP under the RAP regulations, UK auctioning regulations or MiFIR and the UK version of any EU regulation under MiFID or MiFIR, which is part of UK law by virtue of the EUWA.

    (2) (in relation to a UK RIE applying for recognition as a RAP) any of the requirements under the RAP regulations, the UK auctioning regulations or MiFIR and the UK version of any EU regulation adopted under MiFID or MiFIR which is part of UK law by virtue of the EUWA and which, if its application were successful, would apply to it.