Britain will reopen its temporary market access regime for European Union financial firms in September, the Financial Conduct Authority said on Wednesday.
Britain left the EU in January and a transition period ends in December. It has a “temporary permissions regime”, or TPR, to allow EU-based firms to continue serving customers in Britain for a limited period after January so they have time to obtain authorisation.
The TPR has been closed to new applications.
“Over 1,000 firms and over 600 fund managers have already notified us, and we will reopen the notification window on 30 September,” Nausicaa Delfas, the Financial Conduct Authority’s executive director for international, told a City & Financial online event.