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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.

TP UCITS qualifier

    86a firm (other than a firm which manages a scheme under a temporary permission) which:

      1. (1)93 for the time being is an operator, trustee or depositary of a scheme or sub-fund which is temporarily recognised under Part 6 of the Collective Investment Schemes (Amendment etc93) (EU Exit) Regulations 201993; and
      1. (2)93 is an authorised person as a result of Part 7 of those Regulations;

    a reference to a firm as a “TP UCITS qualifier” applies in relation to the carrying on by the firm of activities for which it has permission in that capacity.