FCA publishes list of firms using passporting

FCA logo new 2 620x430

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 by 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.