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OFR update: New rules amend the temporary marketing and recognition regimes

EU and Union Jack flags are waved as anti-Brexit demonstrators gather outside the Houses of Parliament.
Photo: Dan Kitwood/Getty Images

Phil Spyropoulos | Eversheds Sutherland, Lindi Rudman | Eversheds Sutherland

1 min read
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Technical note on new rules to improve recognition of EEA overseas funds and central counterparties in UK post-Brexit.

Reforms to the Temporary Marketing Permission Regime (TMPR) set out how new sub-fund launches will be dealt with during landing slots, including future proofing for if/when money market funds (MMF) are found equivalent for the Overseas Funds Regimes (OFR).

On 16 October 2024, a draft version of the Collective Investment Schemes (Temporary

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