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Term Definition Legal instruments

former freedom of services provider

31/12/2020

THIS DEFINITION ONLY APPLIES TO THE FEES PART

This defined term is effective from 23:00 on 31/12/2020.

means firms which, immediately prior to IP completion day, relied on an EEA or Treaty right to provide services in the United Kingdom without using a physical presence there to offer or provide those services, and which immediately after IP completion day, are authorised by the PRA as a result of the EEA Passport Rights (Amendment, etc and Transitional Provisions) (EU Exit) Regulations 2018 in relation to those services, and continue not to use a physical presence in the United Kingdom to offer or provide them.