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FCA opens temporary permissions notification window

FCA has opened the notification window for passporting-in firms. Firms will need to have notified FCA of their intention to seek full UK authorisation to carry on services in the UK before exit day in the event of a hard Brexit.  FCA has opened the window from 7 January to 28 March, Its website includes a guide on how to notify and separate forms for:

  • emoney agents
  • MiFID tied agents
  • Payment institutions and registered account information service providers
  • a client assets questionnaire
  • details of the temporary regime for DRSPs and
  • draft directions for CIS’ and AIFs, relating to continuing to market funds in the UK.

FCA stresses that there is no fee for notifying, and that firms should not wait to see whether there will be a hard Brexit before notifying.

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Emma Radmore