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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.

kind of control

    1(in relation to a firm) (for the purposes of SUP)):

      1. (a) control arising as a result of holding shares in the firm;
      1. (b) control arising as a result of holding shares in a parent undertaking of the firm;
      1. (c) control arising as a result of the entitlement to exercise or control the exercise of voting power in the firm;
      1. (d) control arising as a result of the entitlement to exercise or control the exercise of voting power in a parent undertaking of the firm;

    in this definition, "shares" has the meaning given in the definition of "controller".13