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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.

exposure

    89

      1. (1) (in relation to a firm but subject to (2) and 101(6)101) the maximum loss which the firm might suffer if:
        1. (a) a counterparty or a group of connected counterparties fail to meet their obligations; or
        1. (b) it realises assets or off-balance sheet positions
      1. (2) [deleted]1561377575101
      1. (3) [deleted]156
      1. (4) [deleted]156137
      1. (5) [deleted]156137137
      1. (6) (in MIPRU) an asset or liability.101