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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.

financial holding company

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    a financial institution that fulfils the following conditions:

      1. (1) (except in (2)) has the meaning in article 4(1)(20) of the UK CRR125.
      1. (2) (in GENPRU (except GENPRU 3) and BIPRU (except BIPRU 12) a financial institution that fulfils the following conditions:
        1. (a) its subsidiary undertakings are exclusively or mainly CAD investment firms or financial institutions;
        1. (b) at least one of those subsidiary undertakings is a CAD investment firm; and
        1. (c) it is not a mixed financial holding company.