Passporting Rights

Passporting Rights grant a financial institution, authorized in one European Economic Area (EEA) member state, the ability to provide its services across all other EEA member states without needing separate authorization in each host country, fundamentally enabling the single market for financial services. This regulatory mechanism, primarily governed by directives like MiFID II and the Capital Requirements Directive (CRD), significantly reduces operational barriers and costs for cross-border financial activities, such as banking, investment services, and insurance.