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.

You are viewing the version of the document as on 2012-12-13.

Status: In this content, we have included all amendments made by EU exit-related instruments up to end September 2020. There will be more amendments to be made later this year, further to the September QCP.

principal

      1. 5(1) in relation to a person :
        1. (a) a person acting on his own account;
        1. (b) (if the person is an appointed representative or, where applicable, a tied agent61) the authorised person who is party to a contract with the appointed representative, or who is responsible for the acts of the tied agent,61 resulting in him being exempt under section 39 of the Act (Exemption of61 appointed representatives61).
      1. (2) in relation to an option , future or forward contract:
        1. (a) (except in the case of an option on a future ) the amount of property or the value of the property which must be delivered in order to satisfy settlement of the option , future or forward contract;
        1. (b) (in relation to an option on a future ) the amount of property or the value of the property which must be delivered in order to satisfy settlement of the future .