Regulatory change for firms as Brexit transition period ends
Regulatory Updates | 31/12/20
As of 11pm on 31 December 2020, the transition period ended and EU law no longer applies in the UK. For many financial services businesses, this means changes to existing systems and services.
Passporting between the UK and EEA states has ended and the temporary permissions regime (TPR) has now come into effect for those firms and funds that notified us that they wanted to enter this regime.
The FCA has some dedicated Brexit pages on its website. It is worth checking these pages, and the FCA handbook, to ensure that any necessary changes are made.