Fund Distribution Alert 2020-12

Fund Distribution Alert 2020-12

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Said Fihri

Partner, ADV – Investment Services

KPMG in Luxembourg

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Update on Brexit — FCA re-opens the TPR application on 30 September 2020

Following an update published on the FCA website on 1 July 2020, the FCA will re-open the notification window for temporary permission regime (TPR) applications via Connect on 30 September 2020.

Firms and fund managers, such as UCITS and AIF management companies, intending to temporarily continue their business in the United Kingdom under the TPR after the exit day will have time until the end of the transition period to complete the relevant application via Connect.

Management companies which have already submitted TPR applications may soon request the FCA to re-open the application. Further information will be communicated by the FCA in September.

The FCA’s statement is available here.

Please feel free to contact us should you require any additional information.

Contact

Said Fihri
Partner
+352 22 51 51 7892
said.fihri@kpmg.lu


Stephanie Zedda
Senior Manager
+352 22 51 51 7271
stephanie.zedda@kpmg.lu

Please note that any information provided is general in nature, is based on the latest publicly available information as analyzed on a best endeavor basis and does not constitute any specific legal opinion or advice.

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