FCA Updates Webpage on the Temporary Permissions Regime
On July 1, the UK Financial Conduct Authority (FCA) updated its webpage on the temporary permissions regime (TPR) for inbound passporting EEA firms and funds (the Webpage).
The FCA states that the TPR will take effect at the end of the Brexit transition period, which expires on December 31. The window for firms and fund managers to notify the FCA of their intention to use the TPR is currently closed. The FCA announced that it will re-open the notifications window for the TPR on September 30 to allow firms and fund managers that have not yet made a notification to do so before the end of the Brexit transition period.
The FCA intends to provide further communication on this topic in September.
The Webpage is available here.