Information on the FCA's temporary permissions regime - December 2021

FOI Release Date of Release:

Reference Case Number: FOI8806

Freedom of Information: Right to know request:

I am writing to request further information on the FCA's temporary permissions regime, established during the process of the UK's departure from the European Union.

A note on the FCA website states that the FCA begun emailing formal directions to firms in the TPR confirming their 'landing slot' in March.

Please provide the following information:

  1. The number of firms who have been contacted by the FCA with their landing slot as at the date this request is answered?
  2. The number still to be contacted?
  3. The number of firms that have confirmed they wish to proceed to permanent authorisation?
  4. The number of firms that confirmed they did not wish to proceed to permanent authorisation?
  5. The number of firms that did not respond provide any response regarding their course of action by the time the landing slot expired?
  6. The number of firms whose permissions the FCA has removed whose temporary authorisation has expired? 
  7. Any and all estimates of the number of firms the FCA believed would not carry on into permanent authorisation before introducing the landing slots?

FCA response: