Telephone 020 3813 2890 for a free no obligation chat about your regulatory requirements with one of our compliance consultants.

© Compound Growth Limited 2012 - 2019 | Terms of Use

Registered in England and Wales as limited company number 07626537 - Registered Office 120 Pall Mall, London, SW1Y 5EA

We use cookies, if you consent to this use, please continue to browse our site.

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

SMCR extends to all

09 December 2019: The Senior Managers & Certification Regime will apply to all regulated firms.

Dear CEO: Financial Promotions

 2019: Warning in relation to promoting unregulated business.

Fund Managers & NEDs

30 September 2019: All AFMs must have appointed a minimum of 2 Independent Directors

CFD Product Intervention Measures Continue

01 Feb 2019: CFD Measures renewed for further three months.

About Compound Growth:

Read more about our professional support team and our experience within financial services & regulation.