Call for Evidence on the Overseas Framework

The Call for Evidence, which was issued on the 15 December 2020 and ran until 11 March 2021, was conducted to understand how our current overseas framework supports our position as a global financial centre. We wanted to ensure our legislation achieves the goal of attracting activity to the UK whilst supporting financial stability. This was an evidence gathering exercise, to help us understand how the framework is working for firms and how the regimes are used. In leaving the EU, we want to ensure our regime is coherent, fair, and easy to navigate.

This Call for Evidence covered:

• the overseas persons exclusion (OPE)
• Markets in Financial Instruments Regulation (MiFIR) Title VIII
• recognised overseas investment exchanges (ROIE)
• Financial Promotion Order (FPO)
• overseas long-term insurers

The response to the Call for Evidence was published on 15 July 2021.