FCA tightens grip on temporary permissions regime for European firms

Four permissions cancelled

James Baxter-Derrington
clock • 1 min read
Four firms have already had their permissions cancelled by the regulator for failing to respond to multiple mandatory information requests.
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Four firms have already had their permissions cancelled by the regulator for failing to respond to multiple mandatory information requests.

The Financial Conduct Authority has reasserted the importance of meeting the regulator’s standards if European firms wish to operate in the UK.

The temporary permissions regime was designed to allow European firms to continue operating in the UK via a passport during the Brexit transition period, while seeking full authorisation. Firms that...

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