Find out more about Brexit and preparing your firm for the end of the transition period
The UK left the EU on 31 January 2020 with a Withdrawal Agreement and entered a transition period. This transition period is due to end on 31 December 2020. To help the transition, the FCA has answered some of the key questions about Brexit and the temporary permissions regime (TPR).
"Passporting allows firms authorised in an EEA state to conduct business in other EEA states, based on their ‘home’ member state authorisation. The passporting regime will end at the end of the transition period.
The temporary permissions regime (TPR) is designed to allow EEA firms and investment funds to continue their UK business with minimal disruption when the passporting regime ends."