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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.

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    77in relation to administrators (as defined in the benchmarks regulation), benchmark contributors and supervised entities, has the meaning in article 3.1(28) of the benchmarks regulation which is:

      1. (1) in relation to a legal person, the country where that person’s registered address or other official address is situated; and
      1. (2) in relation to a natural person, the country where that person is resident for tax purposes.