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ARTICLE · 08 JULY 2020

FCA Temporary Permissions Regime Update

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On 1 July 2020, the FCA published updated information on their website concerning the temporary permissions regime for inbound passporting EEA firms and funds.

IrelandFinance and Banking
Emma Conaty
Emma Conaty
Jamie Quirke
Jamie Quirke
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On 1 July 2020, the FCA published updated information on their website concerning the temporary permissions regime for inbound passporting EEA firms and funds (the "TPR"). 

By way of background, the TPR allows firms and funds which currently passport into the UK to continue to operate in the UK following the cessation of the passporting regime at the end of the transition period. 

While the TPR notification window is currently closed, the FCA have announced that they will be re-opening the notification window on 30 September 2020. 

The re-opening of the notification window will allow firms that had previously not notified the FCA of their intention to use the TPR, to do so before the end of the transition period.

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