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
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