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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.

network

    a firm:12

      1. (a) which has five or more appointed representatives (not counting introducer appointed representatives)16; or
      1. (b) whose appointed representatives, not counting introducer appointed representatives16 (and 16being fewer than five) have, between them, 26 or more representatives;12

    but not:12

      1. (i) a product provider; or 12
      1. (ii) a firm which markets the packaged products of a product provider which is in the same group as the firm and which does so other than by selecting products from the whole market; or12
      1. (iii) an insurer in relation to a non-investment insurance contract; or 12
      1. (iv) a mortgage lender.212