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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 counterparty

    any of the following: 21

      1. (a) an approved credit institution; or 21
      1. (b) a firm whose permission includes dealing in investments as principal with respect to derivatives which are not listed; or21
      1. (c)49 a MiFID investment firm whose authorisation (as referred to in article49 5 of MiFID49) authorises it to carry on activities of the kind referred to in (b); or 21
      1. (d) in respect of a transaction involving a new issue of securities which are to be listed, the issuer or49 a MiFID investment firm49 acting on behalf of the issuer.21