UK Temporary Permissions Regime

The UK temporary permissions regime will enable relevant firms and funds which passport into the UK to continue operating in the UK when the passporting regime falls away at the end of the transition period which is due to operate until 31 December 2020.  During the transition period, EU law will continue to apply in the UK and passporting will continue.  The UK temporary permissions regime will take effect at the end of the transition period.  EEA firms and fund managers should notify the FCA if they wish to use the Temporary Permissions Regime before the end of 30 December 2020.

Further details are available on the FCA’s website.