IRSG Report – The UK regime for overseas firms
09 July 2021
The UK’s regulatory regime is globally leading and one of the most open to international firms in the world. This openness has been a feature of the UK’s regime for a number of decades and has contributed to the UK’s success as a global financial centre.
The IRSG has
published a new report analysing the UK’s access regimes, looking at the
regulatory perimeter, the branching regime, the Overseas Person
Exemption, Financial Promotion Order and the UK equivalence regimes.
The
report argues that the UK’s regulatory openness needs to be maintained,
but with minor improvements the access regimes could help to make the
UK more attractive for international firms. This workstream has
contributed to consultations by the FCA, PRA as well as the HMT Call for
evidence on the overseas framework.
IRSG
© IRSG - International Regulatory Strategy Group
