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 apply:

  1. (1)

    "relevant operator" means:

    1. (a)

      an investment firm operating a multilateral trading facility (MTF);

    2. (b)

      an investment firm operating an organised trading facility (OTF);

    3. (c)

      a market operator operating an MTF;

    4. (d)

      a market operator operating an OTF;

  2. (2)

    "asset classes" means the categories of financial instruments as set out in Section C of Annex I to Directive 2014/65/EU.

  3. (3)

    "IP completion day"' has the meaning given in the European Union (Withdrawal) Act 2020.