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 2021-01-01.

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.

Article B1 Definitions

In this Regulation:

  1. (1)

    “appropriate regulator” has the meaning given by regulation 2(1) of the Capital Requirements Regulations 2013;

  2. (2)

    “authorised person” has the same meaning as in FSMA (see sections 31(2) and 417(1) of that Act);

  3. (3)

    “Directive 2013/36/EU UK law” means the law of the United Kingdom (or any part of it) which, immediately before IP completion day, implemented Directive 2013/36/EU as that law has effect on IP completion day;

  4. (4)

    “the FCA” means the Financial Conduct Authority;

  5. (5)

    “FSMA” means the Financial Services and Markets Act 2000;

  6. (6)

    “the PRA” means the Prudential Regulation Authority;

  7. (7)

    “PRA-authorised person” has the same meaning as in FSMA (see sections 2B(5) and 417(1) of that Act);

  8. (8)

    a reference to a provision of the PRA rulebook is to the rules made by the PRA under FSMA as amended by rule-making instruments made before IP completion day under FSMA or EU Exit Instruments made at any time under the Financial Regulators’ Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018;

  9. (9)

    a reference to a provision of a sourcebook is to a sourcebook in the FCA Handbook of Rules and Guidance made by the FCA under FSMA as amended by rule-making instruments made before IP completion day under FSMA or EU Exit Instruments made at any time under the Financial Regulators’ Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018.