!css

UK - FCA’s consultation on the temporary permissions regime

21/01/2019

On 10 October 2018, the Financial Conduct Authority (FCA) published its consultation paper (CP18/29) looking at how firms and funds can enter the TPR.

Following the publication of the draft secondary legislation creating the temporary permissions regimes (TPRs) for ‘inbound’ EEA firms and investment funds which provide services in or are marketed into the UK, the Financial Conduct Authority (FCA) published its consultation paper (CP18/29) looking at how firms and funds can enter the TPR, how long each will operate for and the regulatory rule-set that will apply to firms and funds marketing activities during that time. The FCA expects the temporary permissions regime to come into force when the UK leaves the EU on March 29, 2019 and expects the regime to be in place for a maximum of three years, within which time, firms and funds will be required to obtain authorisation or recognition in the UK.

Gefällt Ihnen der Artikel?
+1
0