UK: FCA Consults on Temporary Permissions Regime for Inbound Firms and Funds

On October 10, 2018, the Financial Conduct Authority (FCA) published a consultation paper on the temporary permissions regime (TPR) for inbound firms and funds. The consultation sets out how the FCA plans to maintain functionality of the regulated markets, protect consumers and enhance integrity of the UK financial system if the UK was to leave the European Union without an implementation period in place.

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