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.

CHAPTER IV INVESTMENT FIRMS ACTING AS GENERAL CLEARING MEMBERS

Article 24 Systems and controls of investment firms acting as general clearing members(Article 17(6) of Directive 2014/65/EU)

Any systems used by an investment firm acting as a general clearing member ("clearing firm") to support the provision of its clearing services to its clients shall be subject to appropriate due diligence assessments, controls and monitoring.