The UK’s temporary permissions regime appears to be a helpful concession for inbound firms, but there are some hidden challenges.
Key Points:
..The UK regulators have set out further details of the rules they propose that inbound EEA firms will need to comply with when using the temporary permissions regime.
..In some instances the regulators intend to extend UK requirements to firms without a UK presence.
..This extension could raise practical difficulties both in terms of firms’ ability to comply with, and the regulators’ ability to supervise, these requirements.
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