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.

Article 1 Definitions

For the purposes of this Regulation, the following definitions shall apply:

  1. (a)

    "equity" means listed shares;

  2. (b)

    "fixed income" means listed debt securities, other than those issued by a sovereign issuer;

  3. (c)

    "sovereign debt" means debt securities issued by a sovereign issuer.