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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.

not-for-profit body

    52a body which by virtue of its constitution or any enactment:

      1. (a) is required (after payment of outgoings) to apply the whole of its income, and any capital which it expends, for charitable or public purposes; and
      1. (b) is prohibited from directly or indirectly distributing among its members any part of its assets (otherwise than for charitable or public purposes).