FCA revised directions extending notification window to enter ‘Temporary Permissions’ Regime
The Financial Conduct Authority has published the following revised directions for:
- European Economic Area (‘EEA’) Firms with ‘Passports’ and Treaty Firms
- ;EEA’ Collective Investment Schemes (‘CIS’)
- ‘EEA’ Alternative Investment Funds (‘AIFs’)
- Authorised Payment Institutions (‘APIs’)and ‘EEA’ Registered Account Information
- Service Providers (‘AISPs’)
- E-Money Institutions
The directions amend the previous versions in the ‘FCA’ Handbook, extending the notification period for Firms wanting to enter the ‘Temporary Permissions’ Regime to 30 January 2020. Firms intending to rely on the Regime should ensure that their Senior Management / Executive Teams and Board are aware, seeking input from Risk,Compliance and Operations Functions.
Further information:
To read more, please follow this link:
EEA Firms with passports and Treaty
https://www.fca.org.uk/publication/handbook/amended-temporary-permission-notification-direction-fsma-jan-20.pdf
EEA collective investment schemes
https://www.fca.org.uk/publication/handbook/amended-temporary-permission-notification-direction-ucits-jan-20.pdf
EEA alternative investment funds
https://www.fca.org.uk/publication/handbook/amended-temporary-permission-notification-direction-aifm-jan-20.pdf
Authorised payment institutions
https://www.fca.org.uk/publication/handbook/amended-temporary-permissions-notification-direction-payments-jan-20.pdf
E-money institutions
https://www.fca.org.uk/publication/handbook/amended-temporary-permission-notification-direction-e-money-jan-20.pdf
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Please Note: This publication is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Readers should take legal advice before applying the information contained in this publication to specific issues or transactions.
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