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Here to help with Regulation and Compliance

Compound Growth

What does passporting allow?

A UK authorised firm that wishes to carry on its permitted business in another EEA State may do so if it has “passporting rights” and an entitlement under a relevant single market directive.  

The relevant directives are:

In order to exercise this right, the firm must notify the FCA of its intention to do so by applying for a Passport. Once granted, passporting allows you to offer financial advice to clients that are based in any of the states that make up the European Economic Area, which is called a cross border services passport. This means that the firm is able to give advice overseas without having to get a separate authorisation in that country.

Which countries can be passported into?

At the time of writing, not including the UK, there are 29 EEA States that a firm can apply for passporting rights:










Passportable activities are set out in the relevant single market directives and any that are not covered by the single market directives are not passportable and thus a firm would need to seek direct authorisation to carry on such activities from the host EEA State.

Passports are specific to both the country and the advice a firm wants to offer.


Applying for Passporting Rights from the FCA

Austria

Greece

Netherlands

Belgium

Hungary

Norway

Bulgaria

Iceland

Poland

Cyprus

(EU legislation and passporting rights only applies to the Republic of Cyprus)

Ireland

Romania

Czech Republic

Italy

Slovakia

Denmark

Latvia

Slovenia

Estonia

Liechtenstein

Spain

Finland

Lithuania

Sweden

France

Luxembourg


Germany

Malta


Help with Applying for a Passport

To apply for a passport, the FCA needs to be notified by completing the relevant form for your firm.

If you would like any assistance in applying for Passporting Rights, or in varying your firm’s current permissions from the FCA, get in touch with our support team.


Passporting Help What's New More News & Views Contact Us

DAC & CRS Reporting

Firms must prepare for first DAC/CRS reporting on or by 31 May 2017

MiFID II Effective Date

03 Jan 2018: Implementation for all investment firms now extended to 2018

PRIIPs KID Regulation

 01 Jan 2018: Neffective date  for Packaged Retail & Insurance-based Investment Products Regulation.

SMCR to be extended

2018: The Senior Managers & Certification Regime is to be extended to all firms.

Fourth Money Laundering Directive

 26 Jun 2017: All EU members must have enacted 4MLD by now.