Content Options

Content Options

View Options

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.

initial outlay

    5(in relation to an authorised fund) the amount which the authorised fund is required to provide in order to obtain rights under a transaction in derivatives, excluding any payment or transfer on exercise of rights.