Add Sub-funds in the UK Temporary Permission Regime
So, you are most likely one of the wise fund managers or promoters to have had your UCITS authorised for marketing in the UK under the European passport regime, just on time before the end of the transition period. You also most likely were able to carry out a notification directly with the UK FCA to have your UCITS recognised under the so-called Temporary Permission Regime. This means that for the next five years you will be able to continue marketing your UCITS in the UK, until you will have allocated a slot for your UCITS to switch to a local marketing authorisation directly with the UK FCA.
But there is more good news to come. The notification to the UK FCA to have your UCITS recognised under the Temporary Permission Regime will allow you to add new sub-funds of the same UCITS in the Temporary Permission Regime if the conditions below are met.