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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.

market counterparty

    (for the purposes only of COBS TP 1 (Transitional Provisions in relation to Client Categorisation))


    any person classified as a 'market counterparty' under COB on 31 October 2007, in accordance with the applicable conditions in force at the time.90 52