FCA official confirms end of ‘temporary permissions regime’

European firms must have UK regulatory approval by December 30

FCA brexit
Risk.net montage

The UK’s Financial Conduct Authority (FCA) will close a post-Brexit transitional regulatory programme at the end of this year, according to a senior official.

“We as an agency are not extending this regime beyond the end of December,” Emily Shepperd, the FCA’s chief operations officer, told the Financial Times, according to a December 17 article.

The UK government created the temporary permissions regime (TPR), in 2018 for financial sector firms based in the European Economic Area. Prior to Brexit

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account