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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.

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Article 38 Dates of application for specific contracts

  1. (1)

    By way of derogation from Articles 36(1) and 37, in respect of all non-centrally OTC derivatives which are single-stock equity options or index options, the Articles referred to in paragraph Articles 36(1) and 37 shall not apply.

    [Note: Articles 36(1) and 37 do not form part of domestic law on and after exit day by virtue of section 3 of the Act in respect of all non-centrally OTC derivatives which are single-stock equity options or index options.]