FCA guidance on temporary permissions regime and Brexit extension

Regulatory Updates | 30/10/19

The Financial Conduct Authority (FCA) has issued a press release noting that the UK and the EU have agreed to extend the date of the UK’s departure from the Union, and that firms therefore do not need to implement Brexit contingency plans for 31 October 2019. The FCA is extending the date by which firms and funds should notify it for entry into the temporary permissions regime (TPR) to 30 January 2020, with fund managers having until 15 January 2020 if they wish to make modifications to their existing notification.