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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.

readily realisable security

    (except in COBS 4.14, 204 COLL and for the purposes of the definition of non-readily realisable security): 192

      1. (a) a government or public security denominated in the currency of the country of its issuer;
      1. (b) any other security which is:
        1. (i) admitted to official listing on an exchange in the UK192; or
        1. (ii) regularly traded on or under the rules of such an exchange; or
        1. (iii) regularly traded on or under the rules of a recognised investment exchange or (except in relation to unsolicited real time financial promotions) designated investment exchange;
      1. (c) a newly issued security which can reasonably be expected to fall within (b) when it begins to be traded.5

    (in COBS 4.14, 204COLL and for the purposes of the definition of non-readily realisable security): 192

      1. (a) a government or public security denominated in the currency of the country of its issuer;192
      1. (b) any other security which is:192
        1. (i) admitted to official listing on an exchange in the UK or an EEA State; or192
        1. (ii) regularly traded on or under the rules of such an exchange; or192
        1. (iii) regularly traded on or under the rules of a recognised investment exchange or (except in relation to unsolicited real time financial promotions) designated investment exchange;192
      1. (c) a newly issued security which can reasonably be expected to fall within (b) when it begins to be traded.192