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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 trust

    a company123 which:

      1. (a) is approved by the Commissioners for HM Revenue and Customs under sections 1158 and 1159 of the Corporation Tax Act 2010 (or, in the case of a newly formed company, has declared its intention to conduct its affairs so as to obtain such approval); or
      1. (b) (for the purposes of COBS 4.14 and 175 the definitions of non-mainstream pooled investment and packaged product only)166 is resident in an EEA State 166would qualify for such approval if resident123 in the United Kingdom.