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FCA updates TPR webpages

By Simon Lovegrove (UK) on January 6, 2023
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On 6 January 2023, the FCA updated the following webpages on the temporary permissions regime to reflect the end of 2022:

  • TPR firms that do not meet our expectations.
  • Considerations for firms leaving the TPR.

In relation to the webpage ‘Considerations for firms leaving the TPR’ the FCA has added a new section concerning the Consumer Duty. It has also added text under the heading ‘Deadline for application from firms that previously passported into the UK under Schedule 3 or Schedule 4 to FSMA’ stating that applications for full UK authorisation from these firms must have been submitted by the end of 31 December 2022. An application submitted after this date will be treated as invalid.

Photo of Simon Lovegrove (UK) Simon Lovegrove (UK)
Read more about Simon Lovegrove (UK)Email
  • Posted in:
    Financial, International
  • Blog:
    Financial services: Regulation tomorrow
  • Organization:
    Norton Rose Fulbright
  • Article: View Original Source

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