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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.

carried interest

    148a share in the profits of the AIF accrued to the AIFM as compensation for the management of the AIF, and excluding any share in the profits of the AIF accrued to the AIFM as a return on any investment by the AIFM into the AIF.