GB – FCA shows up its roadmap to implementing the Overseas Funds Regime
2nd May 2024

On 1st of May, the FCA published its Joint Roadmap with the Treasury to implementing the Overseas Funds Regime that will fade away the Temporary Marketing Permission Regime granted to EEA funds to continue marketed their shares/units in UK after the withdrawal of the country from the European Union.

In January 2024, the Government assessed the equivalence of the EEA UCITS schemes to the relevant UK regulations, excepted Money Market Funds (MMF) that remain excluded from the OFR but still benefiting of the TMPR until end of 2026. In between, new rules will have been introduced.