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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.

income equalisation

    (in relation to a scheme) a capital sum which, in accordance with a power contained in the instrument constituting the fund128, is included in an allocation of income for a unit issued, sold or converted during the accounting period in respect of which that income allocation is made.