Articles 1 to 7 apply to persons carrying on insurance distribution to which Commission Implementing Regulation (EU) 2017/1469 would have applied prior to IP completion day as defined in the European Union (Withdrawal) Act 2018.
Paragraph 1 includes any person able to carry on insurance distribution in the UK due to regulations 8 or 11 of the EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018.
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.