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FCA publishes list of firms using passporting

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The FCA has revealed the full list of firms that use passporting inward or outward from the UK.

The asset management industry’s biggest players, such as BlackRock, Vanguard and Schroders all feature on the list, obtained by Mlex through a Freedom of Information request.

The FCA has already revealed that 5,500 UK firms rely on passporting to access the single market.

The FCA list includes a number of firms connected to vocal backers of Brexit, such as Hargreaves Lansdown, whose co-founder Peter Hargreaves was one of the Leave campaign’s largest donors.

Odey Asset Management, founded by pro-Brexit fund manager Crispin Odey, and Somerset Capital Management, co-founded by Conservative MP Jacob Rees-Mogg were also included on the list.

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. I’m curious as to the point of this article? Well other than appearing to try and make some kind of political point?

  2. How many firms on the list (like us) applied as we felt it was a wise thing to do and to be sure the odd expat client was covered but actually where the significance would be negligible if it didn’t exist? We don’t market actively etc and if there was a country with a charge for it we told them where to go!

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