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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.

ring-fencing fees group

    165a banking group, or part of a banking group, which (i) has submitted forecasts to the PRA indicating that, from 1 January 2019, it will not meet the core deposit level condition in article 12 of the FSMA (Ring-fenced Bodies and Core Activities) Order 2014 171and (ii) has been171 notified by the FCA between 1711 May 2016 and 1 May 2017 171that a fee relating to the implementation of ring-fencing will 171be payable by one or more members of its group.