28 May 2019

Extension of the registration deadline for FCA Temporary Permissions Regime to 30th October 2019

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Funds Foreign Registration

For further information on any of the issues discussed in this publication please contact the related contact(s) on this page.

The FCA issued a release on 24th March confirming the extension of the notification window for the TPR until the end of 30th October 2019.

Any fund managers that, as a result of this extension, wish to update their notification should email recognisedcis@fca.org.uk by the end of 16th October 2019 at the latest confirming this and including their FRN.

Further information on the TPR and how to register is provided on the FCA website https://www.fca.org.uk/brexit/temporarypermissions-regime#funds.

While the FCA will acknowledge the request to update a notification, it will not be possible to submit a revised notification until after 16th October 2019 at which stage the FCA will advise what steps should be taken.

Fund managers should continue to follow the current process via their home member state regulator for registering new funds.

If you have any questions in relation to the above please contact a member of the Foreign Registrations Team or your usual contact at Dillon Eustace.

DISCLAIMER:This document is for information purposes only and does not purport to represent legal advice. If you have any queries or would like further information relating to any of the above matters, please refer to the contacts above or your usual contact in Dillon Eustace.

DISCLAIMER: This document is for information purposes only and does not purport to represent legal advice. If you have any queries or would like further information relating to any of the above matters, please refer to the contacts above or your usual contact in Dillon Eustace.