FCA announces window for notifications under their temporary permissions regime

On 7 January 2019, the FCA announced that the window for notifications under their temporary permissions regime is now open, and that it will close on 28 March 2019. Firms must notify the FCA if they wish to enter the temporary permissions regime. Fund managers will also need to notify which of their passported funds they wish to continue to market in the UK. The regime will allow EEA-based firms currently passporting into the UK to continue regulated business within the scope of their current permissions in the UK for a limited period, while they seek full FCA authorisation, if the UK leaves the EU on exit day without an implementation period in place. Further information is available on the FCA website.

The Central Bank encourages firms or fund managers to whom this may be relevant to notify the FCA in a timely manner.