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ARTICLE · 24 SEPTEMBER 2019

Temporary Permission Regime - Update – October Deadlines

Dillon Eustace
Dillon Eustace
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Dillon Eustace

Dillon Eustace

Dillon Eustace is one of Ireland’s leading law firms focusing on asset management and investment...

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This briefing is relevant for all asset managers and AIFMs who intend to market UCITS/AIFs into the UK post Brexit which is currently expected to occur on 31st October 2019.

United KingdomGovernment, Public Sector
Tara O'Callaghan
Tara O'Callaghan
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This briefing is relevant for all asset managers and AIFMs who intend to market UCITS/AIFs into the UK post Brexit which is currently expected to occur on 31st October 2019 ("Brexit Date"), including those already registered for the FCA Temporary Permissions Regime ("TPR").

It aims to ensure that all UCITS/sub-funds/AIFs marketing into the UK are fully registered for the FCA Temporary Permission Regime ("TPR") in advance of Brexit Date to ensure a smooth transition in the event of no withdrawal agreement being agreed between the UK and the EU, i.e. a hard Brexit.

Any UCITS sub-funds or AIFs authorised before Brexit Date which do not register for the TPR in advance of Brexit Date will not be permitted to market into the UK post Brexit Date.

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