On 30 September 2020, the FCA updated its web page on the temporary permissions regime (TPR) for inbound passporting EEA firms and funds. The update provides that the FCA has now re-opened the TPR notification window.

The TPR will now take effect at the end of the transition period.

EEA firms can now notify the FCA if they wish to use the TPR. Notifications should be submitted via the FCA’s Connect system before the end of 30 December 2020. Firms that have already submitted a notification need take no further action.

Fund managers can also now notify the FCA if they wish to use the TPR. Notifications should be submitted via the FCA’s Connect system before the end of 30 December 2020. Fund managers that want to update their previously submitted notification should email recognisedcis@fca.org.uk by the end of 9 December 2020 at the very latest confirming this and including their FRN. Fund managers should expect to be able to submit their updated notification from 14 December 2020. Fund managers should only submit their updated notification when they are certain that all the correct funds are included. Updated notifications must be received before the end of 30 December 2020.