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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.

significant-influence function

    has the meaning in SUP 10A.5.3R (Definition of FCA significant-influence function), which in summary defines it as189 (for the purposes of controlled functions specified in the table of FCA controlled functions and174 139in relation to the carrying on of a regulated activity by an appointed representative189) a function that is likely to enable the person responsible for its performance to exercise a significant influence on the conduct of the appointed representative's189 affairs, so far as relating to the activity. 174