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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.

subsisting rights

    135has the meaning given in section 76 of the Pension Schemes Act 2015 which is:

      1. (a) for a member of a pension scheme:
        1. (i) any right which has accrued to or in respect of the member to future benefits under the scheme; or
        1. (ii) any entitlement to benefits under the scheme;
      1. (b) for a survivor of a member of a pension scheme, any right to future benefits, or entitlement to benefits, which the survivor has under the scheme in respect of the member.