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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.

designated senior management function

    (in accordance with section 59ZB of the Act (Designated senior management functions):122

    (a) a function that has been designated by the FCA in SUP 10C (FCA senior managers regime for approved persons in SMCR firms) as a designated senior management function; or122

    (b) a function of a description specified in rules made by the PRA under section 59(3)(a) of the Act (Approval for particular arrangements).122