Stay in the know
Receive timely insights and briefings from HSF Kramer, tailored to keep you informed and ahead
Subscribe now
14 Jan 2019
Insight
Europe
The UK FCA and PRA propose to implement the TPR if the UK leaves the European Union on 29 March 2019 without an implementation (or transitional) period, to ensure that EEA firms currently operating under an incoming passport (either from a UK branch or on a cross-border services basis into the UK) can continue to carry out regulated activities in the UK until they receive new direct authorisation by the UK regulators. An additional regime to address contractual continuity (the financial services contracts regime) is currently being consulted on by the FCA, and will be covered in a separate Herbert Smith Freehills briefing.
For more information, download our UK Temporary Permissions Regime placemat.
Key contacts
Clive Cunningham
Consultant, London
Karen Anderson
Consultant, London
Geoffrey Maddock
Consultant, London
Nish Dissanayake
Partner, London
Legal Notice
The contents of this publication are for reference purposes only and may not be current as at the date of accessing this publication. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action based on this publication.
© Herbert Smith Freehills Kramer 2026