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Post Brexit! UK regulator bans 4 EU investment firms!
The UK FCA has banned four regulated EU investment firms from the UK. They are no longer allowed to offer financial products in the UK. Until Brexit, the UK was part of the license passporting, allowing firms regulated in one EEA member state to use their license in other regulatory regimes. After Brexit, a temporary permissions regime is in force for the UK. The FCA has now canceled the permission for the CySEC-regulated firms Arumpro Capital and Evest, Spain's Esfera Capital, and Germany's Inzmo Europe.