Content Options

Content Options

View Options

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.

option

      1. 63
        1. (1) the investment, specified in article 83 of the Regulated Activities Order (Options), which is in summary86 an option to acquire or dispose of:
          1. (a) a designated investment (other than a P2P agreement,68 an option or one to which (d) or (e) applies); or
          1. (b) currency of the United Kingdom or of any other country or territory; or
          1. (c) palladium, platinum, gold or silver; or
          1. (d) a commodity to which article 83(2) and (4)89 of the Regulated Activities Order applies; or
          1. (e) a financial instrument in paragraph 10 of Section C of Annex 1 to MiFID to which article 83(3) and (4)89 of the Regulated Activities Order applies; or
          1. (f) an option to acquire or dispose of an option specified in (a), (b), (c), (d) or (e);
        1. but so that for the purposes of calculating capital requirements for BIPRU firms it also includes any of the items listed in the table in BIPRU 7.6.18 R (Option PRR: methods for different types of option) and any cash settled option.
        1. (2) (in COLL) in addition and to the extent it does not fall within (1), an investment which would have been within the definition of “option” in the FCA Handbook immediately before IP completion day102.96