GB – FCA communicates update on TMPR for funds
21st September 2023
On 19 September 2023, the FCA communicates on the Temporary Marketing Period Regime for funds.
Background
Introduced by the FCA in the context of the Brexit, the TMPR allows certain EEA-based funds that were passporting into the UK at the end of the transition period to continue to be marketed in the UK in the same manner as they were before the transition period ended (again, subject to having notified to the FCA before the end of the transition period).
They can do this for a limited period while seeking UK recognition to continue to market in the UK. At launch of the TMPR, FCA announced it will contact firms with a landing slot for fund seeking recognition.
