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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.

supervised run-off firm

    180(in accordance with the EU Exit Passport Regulations and the E-money and Payments Transitional Provisions Regulations) a person who is:

      1. (1) treated as having Part 4A permission (or a variation to permission) under regulation 28 or 34 of the EU Exit Passport Regulations; or
      1. (2) treated as an authorised electronic money institution under paragraph 12B of Part 1A of Schedule 3 of the E-money and Payments Transitional Provisions Regulations; or
      1. (3) treated as an authorised payment institution under paragraph 26 of Part 3 of Schedule 3 of the E-money and Payments Transitional Provisions Regulations; or
      1. (4) treated as a registered account information service provider under paragraph 26 of Part 3 of Schedule 3 of the E-money and Payments Transitional Provisions Regulations.