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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.

pre-IP completion day incoming EEA firm

    196(in COMP) an EEA firm, or Treaty firm, that, before IP completion day, exercised its right to carry on a regulated activity in the United Kingdom, and qualified for authorisation, within the meaning of, and in accordance with, respectively, section 193(1)(a) and Schedule 3 of the Act (EEA Passport Rights), or section 193(1)(b) and Schedule 4 of the Act (Treaty Rights), as from time to time in force before IP completion day.