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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.

investment firm

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        1. (1) any person150179 whose regular occupation or business is the provision of one or more investment services to third parties and/or the performance of one or more investment activities on a professional basis.
        [Note: article 2(1A) of MiFIR166]
        1. (2) (in REC) a MiFID investment firm, or a person who would be a MiFID investment firm if it had its head office in the UK166.
        1. (3) (in the definition of IDD ancillary insurance intermediary, and160 in IFPRU and BIPRU 12) has the meaning in article 4(1)(2) of the UK CRR166.143
        [Note: article 2(1)(4) of the IDD]160
        1. (4) (in GENPRU (except GENPRU 3) and BIPRU (except BIPRU 12) any of the following:
          1. (a) a firm in (3); and
          1. (b) a BIPRU firm.
        1. (5) (in SYSC 19A(IFPRU Remuneration Code)136) a firm in (3).
        1. (6) (in SYSC 19D (Dual-regulated firms Remuneration Code)) a firm in (3) that is a UK designated investment firm.136