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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.

regulated clearing arrangement

    124as the context requires, either:

      1. (a) an arrangement under which a firm directly places client money in a client transaction account that is an individual client account or an omnibus client account at an authorised central counterparty; or
      1. (b) an arrangement under which a firm, acting for a client who is also an indirect client, directly places client money of that indirect client in a client transaction account that is an individual client account or an omnibus client account at a clearing member for the purposes of having that clearing member clear the positions of that indirect client through an authorised central counterparty.