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Over 1,000 EU financial companies seeking temporary post-Brexit access to UK

Over 1,000 financial companies based in the EU are looking to establish offices in the U.K. to keep serving clients in the country after Brexit, Reuters reported, citing regulatory consultancy Bovill.

Figures from the U.K.'s Financial Conduct Authority show that the companies are seeking temporary permission from the regulator to operate in the U.K. after Jan. 31 when it exits the EU, the consultancy said. Companies from Ireland, France, Cyprus and Germany applied for 228, 170, 165 and 149 temporary permissions, respectively, to maintain services for U.K. clients.