Our website uses cookies. Find out more

Rotate your phone

Once that’s done you’ll be able to
experience the AQMetrics website perfectly.

Due date for entrance to temporary permissions regime extended to 11 April- FCA Statement

by Phoebe Toal
SHARE

Policy Statement PS19/5 sets out the rules for firms and operators, depositories and trustees of EEA-domiciled funds in the temporary permissions regime. The temporary permission regime provides a backstop that allows firms and investment funds to continue passporting without disruption. For a limited time after Brexit day, inbound firms will be able to continue operations while they seek complete UK authorisation.

Right now the deadline for firms and funds wishing to enter the temporary permission regime is 29 March, today. As a result of the delay to Brexit, the FCA have decided to extend the notification window for the temporary permissions regime until the 11 April 2019.

Fund managers who wish to update their notification must email recognisedcis@fca.org.uk by the end of 2 April 2019 with their FRN.

The FCA will release further information, including the Directions giving effect to this extension, soon.

 

SHARE

by Phoebe Toal

Other posts you might like

Updated Q&As from ESMA for both AIFMD and UCITS.

On the 4 June 2019, ESMA published updated Q&As for both AIFMD and UCITS. In summary, the… Read more

AIFMD Amendments under a No-Deal Brexit

On 21 February the UK Treasury published its preparations for a no-deal Brexit called the Alternative Investment… Read more