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.

ANNEX I Classes of financial instruments

  1. (a)

    Equities — Shares & Depositary Receipts

    1. (i)

      Tick size liquidity bands 5 and 6 (from 2000 trades per day)

    2. (ii)

      Tick size liquidity bands 3 and 4 (from 80 to 1999 trades per day)

    3. (iii)

      Tick size liquidity band 1 and 2 (from 0 to 79 trades per day)

  2. (b)

    Debt instruments

    1. (i)

      Bonds

    2. (ii)

      Money markets instruments

  3. (c)

    Interest rates derivatives

    1. (i)

      Futures and options admitted to trading on a trading venue

    2. (ii)

      Swaps, forwards, and other interest rates derivatives

  4. (d)

    credit derivatives

    1. (i)

      Futures and options admitted to trading on a trading venue

    2. (ii)

      Other credit derivatives

  5. (e)

    currency derivatives

    1. (i)

      Futures and options admitted to trading on a trading venue

    2. (ii)

      Swaps, forwards, and other currency derivatives

  6. (f)

    Structured finance instruments

  7. (g)

    Equity Derivatives

    1. (i)

      Options and Futures admitted to trading on a trading venue

    2. (ii)

      Swaps and other equity derivatives

  8. (h)

    Securitized Derivatives

    1. (i)

      Warrants and Certificate Derivatives

    2. (ii)

      Other securitized derivatives

  9. (i)

    Commodities derivatives and emission allowances Derivatives

    1. (i)

      Options and Futures admitted to trading on a trading venue

    2. (ii)

      Other commodities derivatives and emission allowances derivatives

  10. (j)

    Contracts for difference

  11. (k)

    Exchange traded products (Exchange traded funds, exchange traded notes and exchange traded commodities)

  12. (l)

    Emission allowances

  13. (m)

    Other instruments