The Financial Conduct Authority ("FCA")confirmed that given the delay of the UK's withdrawal from the EU, firms and funds wanting to avail of the Temporary Permissions Regime ("TPR") now have until 30 May 2019 (rather than 11 April 2019) to notify them of this. The FCA has also confirmed that updates to any submitted TPR notification will be possible to reflect any updates to fund ranges during the newly extended notification window.

Any fund managers that, as a result of this extension, wish to update their notification should email by the end of 16 May 2019.

Please do not hesitate to contact your usual Walkers contact if you have any questions relating to this update and/or the Temporary Permissions Regime more broadly.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.