FEES TP 22 Transitional provisions relating to FSCS levy arrangements for TP firms from IP completion day
1(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
Material to which the transitional provision applies |
Transitional provision |
Transitional provision: dates in force |
Handbook provision: coming into force |
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22.1 |
R |
The rule referred to in column (2) does not apply to TP firms. |
From IP completion day, indefinitely2 |
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22.2 |
G |
FEES TP 22.1R means that a TP firm that becomes a participant firm part way through a financial year of the compensation scheme will be required to pay a share of a compensation costs levy and a specific costs levy. |
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22.3 |
The changes made to FEES 6 by the Exiting the European Union: Temporary Permission and Financial Services Contracts Instrument 2019 |
R |
The changes in (2) apply to any levy made after IP completion day2. This is so even if: (1) the claim against the relevant person or successor in default arose or relates to circumstances arising before that date; or (2) the relevant person or successor was in default before that date. |
From IP completion day2, indefinitely |