The temporary permissions regime for inbound passporting EEA firms and funds – our approach

The temporary permissions regime will allow EEA-based firms currently passporting into the UK to continue new and existing 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.  It will also allow EEA-domiciled investment funds that market in the UK under a passport to continue temporarily marketing in the UK.