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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.

You are viewing the version of the document as on 2011-04-29.

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.

readily realisable investment


    (except in UPRU)44

      1. 44(a) a packaged product;44
      1. (b) a readily realisable security.

    (in UPRU) means a unit in a regulated collective investment scheme, a life policy or any marketable investment other than one which is traded on or under the rules of a recognised or designated investment exchange so irregularly or infrequently:44

      1. (a) that it cannot be certain that a price for that investment will be quoted at all times; or44
      1. (b) that it may be difficult to effect transactions at any price which may be quoted.44