Events > Financial services following the UK's exit from the EU: Moving on from temporary permission — the next steps for European firms








Financial services following the UK's exit from the EU: Moving on from temporary permission — the next step for European firms

Wednesday 22 September 2021, 11am to 1pm CEST


As the Financial Conduct Authority's temporary permissions regime comes to an end, what are the options for European firms wanting to operate in the UK?


The regime, which allows relevant EEA firms and funds to continue operating in the UK following its departure from the EU, will soon come to an end. More than 1,400 EU firms were granted this temporary permission and are now being informed of "landing slots" to apply for full UK authorisation.


This webinar is for EU-based firms that have operated under a service passport in the past and are considering their options when it comes to doing business in the UK.


The Department for International Trade has joined forces with the financial services consultancy Bovill, the Financial Conduct Authority, the City of London Corporation, and Her Majesty's Treasury. Together we will explore the new landscape, give practical guidance on navigating UK authorisation and regulation, and share where we see the opportunity for any financial services company looking to expand in the UK.




  • Lord Grimstone, Minister for Investment  Department for International Trade and Department for Business, Energy and Industrial Strategy
  • Richard Knox, Director Financial Services International  HM Treasury
  • Val Smith, Head of Department in Authorisations  Financial Conduct Authority
  • Sector specialists in banking, capital markets, Fintech, fund management, insurance, wealth management  Bovill
  • Hugh de Lusignan, Head of Financial Services  Department for International Trade
  • Catherine McGuinness, Chair of the Policy and Resources Committee  City of London Corporation



  • 11:00-11:10Introductory remarks by Minister Grimstone  Department of International Trade and Department for Business, Energy, and Industrial Strategy
  • 11:10-11:20The current status of British financial services  HM Treasury  
  • 11:20-11:50How to apply for full authorisation  Financial Conduct Authority
  • 11:50-12:05Sector breakout sessions: A practical look at getting authorised and being regulated in the UK  Bovill
  • 12:05-12:15Support the UK government can offer to international investors  Department for International Trade
  • 12:15-12:25Concluding remarks: The future of British financial services  City of London Corporation
  • 12:25-13:00Questions and answers


Contact the British Embassy in Paris' Senior Trade and Investment Advisor for Financial and Professional Services, Laura Durand, for more information.