UK Finance Response to FCA CP 18/29: Temporary permissions regime for inbound firms and funds

We consider that the policy approach underlying the rules dealing with the temporary permissions regime set out in the CP is appropriate. There will be significant challenges for inbound firms and funds in migrating to compliance with a change of regulatory ruleset, and the recognition that transitional relief will be needed to provide inbound firms with the time necessary to adapt to Brexit and to avoid disruption is welcome.

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