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