Our Asset and Wealth Management Regulatory and Tax teams address the issue of distributing EU funds such as Irish UCITS in the UK Considerations of EU investment firms in the post Brexit environment.
As a transition measure the UK established the Temporary Marketing Permissions Regime (“TMPR”) to allow EU funds which were passporting into the UK when the Brexit transition period ended to continue to be sold in the UK when the UCITS and AIFMD passporting regimes ceased.