Should the UK leave the EU without a withdrawal agreement (no-deal Brexit) on 31st. October 2019, the UK government has introduced a Temporary Permissions Regime (TPR) for European Economic Area (EEA) inbound passported firms and investment funds, to enable them to continue their activities in the UK for a temporary period of time, with minimal disruption. The TPR will last for up to three years from 31 October 2019, with the power for HM Treasury to extend the regime by no more than 12 months at a time in certain circumstances.
We confirm that we have written to all fund groups represented in our Academy of Funds, all of whom have confirmed that they have applied for TPR in respect of the funds in the Academy and these can therefore continue to be promoted to UK investors post the 31st October 2019. It is therefore not our intention to remove these funds from our Academy.
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