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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.

foreign currency loan

    81an MCD credit agreement where the credit is:

      1. (a) denominated in a currency other than that in which the consumer receives the income or holds the assets from which the credit is to be repaid; or
      1. (b) denominated in a currency other than sterling125.

    [Note: article 4(28) of the MCD]