BREXIT -

FCA confirms extension of temporary permissions regime (TPR) On 24 May, the FCA confirmed that the deadline for notifications for entering into the TPR will be extended to 30 October. The TPR will allow EEA-based firms which notify the regulator and which passport into the UK to continue to operate in the UK within the scope of their current permissions for a limited period in the event of a hard Brexit. The FCA also states that any fund managers who wish to update their notification before the notification window closes on 30 October, should do so by 16 October. The deadline for CRAs and TRs applying to register a UK legal entity has also been extended to 30 October.