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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.

You are viewing the version of the document as on 2016-10-03.

Status: In this content, we have included all amendments made by EU exit-related instruments up to end September 2020. There will be more amendments to be made later this year, further to the September QCP.

UK relevant authorised person

    65has the meaning in section 71A of the Act (‘relevant authorised person’) which, in summary, is an institution that meets the following conditions:

      1. (a) it is incorporated in, or formed under the law of any part of, the United Kingdom;
      1. (b) it does not have permission for effecting contracts of insurance or carrying out contracts of insurance; and
      1. (c) it meets one of the following conditions:
        1. (i) its Part 4A permission includes accepting deposits; or
        1. (ii) it meets all the following conditions:
          1. (A) the institution is an investment firm;
          1. (B) its Part 4A permission covers dealing in investments as principal; and
          1. (C) when carried on by it, that activity is a PRA-regulated activity.