FCA official confirms end of ‘temporary permissions regime’
European firms must have UK regulatory approval by December 30
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 print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Central banks prepare for the rise of AI
- Bundesbank’s Nagel: central bank business models are changing
- Central bank of the year: Central Bank of Brazil