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ARTICLE · 25 JULY 2024

FCA Publishes Policy Statement And Final Rules For Overseas Fund Regime

Dillon Eustace
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The FCA issued its Policy Statement PS24/7 "Implementing the Overseas Fund Regime – Feedback to CP23/26 and final rules" on 17th July 2024. This follows the publication of details...

IrelandFinance and Banking
Brian Kelliher
Brian Kelliher
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The FCA issued its Policy Statement PS24/7 "Implementing the Overseas Fund Regime – Feedback to CP23/26 and final rules" on 17th July 2024. This follows the publication of details of the landing slots for operators of funds in the Temporary Marketing Permissions Regime ("TMPR") on 5th July 2024. These updates provide further clarity on how and when overseas UCITS will transition from the TMPR into the Overseas Funds Regime ("OFR") and the requirements which will apply for applications for recognition under the OFR and on an ongoing basis.

Landing Slots

Applications for recognition under the OFR will be the responsibility of the UCITS Management Company ("Fund Operator"). Landing slots have been allocated alphabetically by Fund Operator name, with each landing slot providing a window of 3 months for the Fund Operator to complete all applications for its TMPR funds.

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