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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.

restricted option

    197an option:

      1. (1) that is in the money at the point of sale;
      1. (2) where the value is determined by one-to-one fluctuations in the value or price of the underlying asset; and
      1. (3) for which the value is not significantly affected by the time to expiry.