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ARTICLE · 23 SEPTEMBER 2024

The Overseas Fund Regime: Prepare Your Application Now

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The FCA updated its Overseas Fund Regime (OFR) webpage with guidance for submitting applications and compliance expectations. The OFR gateway opens on 30 September 2024 for new funds, while Temporary Marketing Permissions Regime (TMPR) funds follow in October 2024.

United KingdomFinance and Banking
Lora Froud
Lora Froud
Rachel Serene
Rachel Serene
Emma Garnham
Emma Garnham
Emily Batchelor
Emily Batchelor
Alexandra Green
Alexandra Green

In advance of the Overseas Fund Regime (OFR) gateway opening, the FCA has updated its OFR webpage to provide practical guidance on the information required for submitting applications and the FCA's expectations of operators of overseas funds.

The gateway will be open to new overseas funds (i.e., those not in the Temporary Marketing Permissions Regime (the TMPR)) on 30 September 2024. New overseas funds will be able to apply at any time from that date without a landing slot.

For schemes in the TMPR, the FCA has confirmed that landing slots will start in October 2024 and will be available for operators of stand-alone EEA UCITS. Following that, the FCA has issued three-month landing slots to operators of umbrella UCITS by alphabetical order of the fund operator's name.

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