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Overseas Fund Regime: Landing Slots Now Open!

Opportunity is now on the horizon for foreign investment funds (i.e., foreign authorised funds). eager to take advantage of the UK’s Overseas Funds Regime (OFR) for their UK distribution. Landing slots for OFR recognition are officially live, for stand-alone and umbrella funds in the TMPR. 

We dive into a quick recap of the regime, how it works, key dates to have your radar, and how to tackle the application process.


We’ll run through:


  • Remind me, what’s the OFR? 

  • Who can use the OFR?

  • Key dates for OFR applications

  • How to tackle an OFR application

  • Who can approve my financial promotions for the OFR application?


Let’s get into it. 


Remind me, what’s the OFR?

The OFR (or “Overseas Fund Regime”) is a new FCA-run gateway to enable select investment funds outside of the UK, to be promoted in the UK. Funds that successfully secure recognition can be distributed in the UK, including to retail investors. 


As a reminder - funds (legally!) need to be promoted in a way that is clear, fair and not misleading, to help investors make informed investment decisions.


Who can use the OFR?

All EEA UCITS can apply for recognition under the OFR. More simply, the OFR enables EEA UCITS to be promoted to UK retail investors, including those EEA UCITS not under the TMPR.


Key dates for the OFR

The OFR has been a long time coming, cycling through a series of consultations and legislative drafting to get us to where we are today. In September of this year, however, the gateway opened for funds not in the TMPR (temporary marketing permission funds). Following this,


  • The OFR gateway opened for stand-alone schemes in the TMPR in October. 

  • By November, the OFR gateway opened for TMPR umbrella schemes. 

  • And over the coming months, the UK Government aims to set the legislation needed for SDR and labelling for OFR funds. 


For a closer look at dates, including when you can expect your specific landing slot to open, take a look at our OFR landing slot table.


How to tackle an OFR application

The OFR application process is deceptively simple, involving registration, application submission (through the FCA’s Connect system), payment of the OFR fee, and a 2-month wait time for the FCA to make a decision. 


In reality, for FCA applications - the devil really is in the detail. Part of the OFR application will requires confirmation of who will approve the fund’s financial promotions.




Who can approve my financial promotions for the OFR application?

As a UK-authorised firm, The Funds Collective specialises in connecting overseas funds with the UK market. With the expertise to guide EEA firms through UK regulations, we are one of few firms with the ability to provide UK financial promotion approval. But why us?


  • We have tried and tested processes to approve marketing materials in the UK. 

  • We ensure you’re backed with up-to-date regulatory expertise. 

  • We streamline success with a complete package for UK fund distribution. 

  • We’re compliant, and commercially-minded, with a meticulous approach that ensures smooth access to the UK market.


Applying for the Overseas Fund Regime? Contact us today to get started.


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Are You Ready to Enter The UK Market?

Partner with The Funds Collective today and unlock the full potential of your fund distribution in the UK. Get in touch to learn more about how we can help you achieve your goals.

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