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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.

approved collateral

    4any form of security for the discharge of any liability arising from a contingent liability investment (other than a guarantee) which:

      1. (a) (in relation to an on-exchange transaction) is acceptable under the rules of the relevant exchange or clearing house; and
      1. (b) (in relation to an OTC transaction) would be acceptable for a similar transaction to the relevant exchange or clearing house.