FCA announces its intention to extend the notification window for its temporary permissions regime.

Securities Markets Regulation

Date: 29 March 2019

The FCA has announced its intention to extend the window for notifications under its temporary permissions regime. Firms must notify the FCA if they wish to enter the temporary permissions regime. Fund managers will also need to notify which of their passported funds they wish to continue to market in the UK. The regime will allow EEA-based firms currently passporting into the UK to continue regulated business within the scope of their current permissions in the UK for a limited period, while they seek full FCA authorisation, if the UK leaves the EU without an implementation period in place. Further information is available on the FCA website.

The Central Bank encourages firms or fund managers to whom this may be relevant to notify the FCA in a timely manner.