On 9 October 2023, the FCA updated its webpage on landing slots for funds in the temporary marketing permissions regime (TMPR).

The webpage explains that the process of exiting the TMPR and the notification of landing slots is still under review. If the Treasury makes regulations under s271A FSMA approving certain countries or territories, the FCA expects to contact fund operators, shortly afterwards, with information on landing slots for exiting the TMPR. A decision about whether to make regulations under s271A FSMA is for HM Treasury to make. No regulations have been made at this time.

As the process is still under review, operators of UCITS in the TMPR should ensure that the FCA holds the correct contact email address (as shown on the FS Register) as this will be used to contact them with details of the process and landing slot. This email address should be for the operator and not an external consultancy firm or other third-party. 

Finally, If funds registered under TMPR are no longer marketing in the UK they should be removed via the FCA’s form TMPR CH.

Further information will be published on the FCA website in due course.