More than 1,400 EU-based firms have applied for permission to operate in the UK after Brexit, with over 1,000 of these planning to establish their first UK office, according to a Freedom of Information request (FOI) by financial regulatory consultancy Bovill.

Bovill said the FOI provides evidence that London and the UK will continue to be “a leading player on the global financial stage after Brexit”.

The FOI revealed that by October 2019, the FCA had received a total of 1,441 applications from firms to use the Temporary Permission Regime (TPR).

When the current passporting system becomes defunct, the TPR w...