Understanding the TPR and SRO for EU TPP’s and UK Open Banking

This publication summarises: background, purpose and formats of the TPR & SRO lists; synchronisation issues identified; and the way forward for UK banks now.

At midnight on 1 January 2021 CET, UK Banks, Payment Institutions, and Electronic Money Institutions lost their right to offer services into Europe. At the same moment, EU financial institutions lost their right to offer services into the UK, except where the UK had unilaterally agreed that they could continue.

The lists of those EU entities who can (temporarily) continue to access UK accounts after the end of the transition period were published by the Financial Conduct Authority (FCA) on 01 January 2021, as the Temporary Permissions Regime (TPR) and the Supervised Run-Off (SRO).

Those organisations that run directories of European Entities, such as Open Banking Europe (OBE) and Konsentus, spent New Year’s Day extracting the data from the TPR and SRO, discarding those that are not relevant to Open Banking, matching financial institutions from the FCA to the financial institutions as published in each European country, and then removing passporting rights for all those financial institutions who had passported into the UK, excluding those that were in the TPR.

The purpose of this publication is to summarise:

  • The background, purpose, and formats of the TPR and SRO lists.
  • The synchronisation issues identified as part of OBE’s analysis of the TPR and SRO lists.
  • The way forward for UK banks when dealing with EU entities now that the transitional arrangements between the EU and the UK have ended.

Downloading the full document is restricted to OBE members only. Please login to download.

Share:

Have a question?
Get in touch

* Indicates a mandatory field

On submission of this form you will be sharing your personal data with OBE S.A.S. and its partners. We will process such information for the purposes of reviewing and responding to your request. For more information on how we will process your data and your rights in relation to your data, please review our privacy policy.

You may also be interested in:

Day 2 of Open Banking Expo London kicked off with a Fireside Chat between Luis Miguel Zapata, Vice President, Digital

The 5th version of Latam Fintech Market, one of the most important industry events in the country, took place in

Lauren will be discussing how to balance innovation and business standards with esteemed speakers from Swift and the Bank of

Become a Member

Please fill in the form below to register your interest in joining our OBE Membership programme with us and a member of our team will contact you shortly.

Please note: fields marked with * are mandatory

On submission of this form you will be sharing your personal data with OBE S.A.S. and its partners. We will process such information for the purposes of reviewing and responding to your request. For more information on how we will process your data and your rights in relation to your data, please review our privacy policy.