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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.

You are viewing the version of the document as on 2021-01-01.

Article 1 Definitions

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

  1. (a)

    "expert" means a person referred to in Article 3(1)(34)(ii) of Regulation (EU) No 596/2014 who repeatedly proposes investment decisions in respect of financial instruments and who:

    1. (i)

      presents himself as having financial expertise or experience; or

    2. (ii)

      puts forward his recommendation in such a way that other persons would reasonably believe he has financial expertise or experience;

  2. (b)

    "group" means a group as defined in Article 2(11) of Directive 2013/34/EU of the European Parliament and of the Council.