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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.

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    in respect of the assets and positions recorded in a client transaction account that is an individual client account or an omnibus client account at an authorised central counterparty, action taken by that authorised central counterparty to transfer those assets and positions in accordance with article 48 of EMIR to another clearing member designated by the individual client (in the case of an individual client account) or designated by all of the clients for whom the account is held (in the case of an omnibus client account).