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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.

You are viewing the version of the document as on 2019-12-09.

Status: In this content, we have included all amendments made by EU exit-related instruments up to end September 2020. There will be more amendments to be made later this year, further to the September QCP.

government and public security

    the investment, specified in article 78 of the Regulated Activities Order (Government and public securities), which is in summary: a loan stock, bond or other instrument creating or acknowledging indebtedness, issued by or on behalf of:

      1. (a) the government of the United Kingdom; or
      1. (b) the Scottish Administration; or
      1. (c) the Executive Committee of the Northern Ireland Assembly; or
      1. (d) the National Assembly of Wales; or
      1. (e) the government of any country or territory outside the United Kingdom; or
      1. (f) a local authority in the United Kingdom or elsewhere; or
      1. (g) a body the members of which comprise:
        1. (i) States including the United Kingdom or another EEA State; or
        1. (ii) bodies whose members comprise States including the United Kingdom or another EEA State; but excluding:
          1. (A) the instruments specified in article 77(2)(a) to (d) of the Regulated Activities Order;
          1. (B) any instrument creating or acknowledging indebtedness in respect of:
            1. (I) money received by the Director of Savings as deposits or otherwise in connection with the business of the National Savings Bank; or
            1. (II) money raised under the National Loans Act 1968 under the auspices of the Director of Savings or treated as so raised under section 11(3) of the National Debt Act 1972.4