The United Kingdom's Financial Conduct Authority
(the FCA) has issued a press release confirming
the extension of the deadline for notifications for the Temporary
Permissions Regime (the TPR).
For more information on the
TPR, please refer to our initial briefing
here, and to the FCA website.
Initially set for 28 March,
the date has been amended to reflect recent developments in the
process of withdrawal of the United Kingdom from the European Union
and is now set for 30 October 2019.
In the press release, the
FCA has restated its intention to make use of the temporary
transitional power vested with under the EU (Withdrawal) Act 2018,
in order to ensure that firms and other regulated entities continue
to comply with their regulatory obligations.
