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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.

overseas person

    (in accordance with article 3(1) of the Regulated Activities Order (Interpretation)) a person who:

      1. (a) carries on any of the following regulated activities:
        1. (i) dealing in investments as principal;
        1. (ii) dealing in investments as agent;
        1. (iii) arranging (bringing about) deals in investments;
        1. (iv) arranging (bringing about) regulated mortgage contracts;
        1. (v) making arrangements with a view to regulated mortgage contracts;
        1. (vi) making arrangements with a view to transactions in investments;
        1. (vii) managing investments;
        1. (viii) safe custody and administering investments;
        1. (ix) sending dematerialised instructions;
        1. (x) causing dematerialised instructions to be sent;
        1. 65(xa) managing a UK UCITS96;
        1. 65(xb) acting as trustee or depositary of a UK UCITS96;
        1. 65(xc) managing an AIF;
        1. 65(xd) acting as trustee or depositary of an AIF;
        1. (xi) establishing, operating or winding up a collective investment scheme;
        1. 65(xii) [deleted]65
        1. 65(xiii) [deleted]65
        1. 65(xiiia) [deleted]65
        1. (xiv) establishing, operating or winding up a stakeholder pension scheme;
        1. (xiva) establishing, operating or winding up a personal pension scheme;
        1. (xv) advising on investments;
        1. (xvi) advising on regulated mortgage contracts ;
        1. (xvii) entering into a regulated mortgage contract ;
        1. (xviii) administering a regulated mortgage contract ;
        1. (xix) arranging (bringing about) a home reversion plan;
        1. (xx) making arrangements with a view to a home reversion plan;
        1. (xxi) advising on a home reversion plan;
        1. (xxii) entering into a home reversion plan;
        1. (xxiii) administering a home reversion plan;
        1. (xxiv) arranging (bringing about) a home purchase plan;
        1. (xxv) making arrangements with a view to a home purchase plan;
        1. (xxvi) advising on a home purchase plan;
        1. (xxvii) entering into a home purchase plan;
        1. (xxviii) administering a home purchase plan;
        1. (xxix) agreeing to carry on those regulated activities, disregarding the exclusion in article 72 of the Regulated Activities Order (Overseas persons); but
      1. (b) does not carry on any such activities, or offer to do so, from a permanent place of business maintained by him in the United Kingdom.