How we process passporting notifications

Find out about the timeframes for passporting notifications.

We will try to process your passporting notifications as quickly as possible and within the timeframes set out in the directives for notifying the host European Economic Area (EEA) state.

Our required timeframes for notifying a host EEA state about a passporting notification are:

IMD (services and establishment)

One month so we can tell the host state regulator that you intend to passport and at the same time tell you that we have made the notification. You can start business one month after the date that your home state regulator informs you of the notification.

MiFID (services)

One month so we can let the host state regulator know. The firm is permitted to begin such freedom of services service business after the host state's regulatory authority has received notification.

MiFID (establishment)

3 months for us to assess the notification and tell the host state regulator, who then has up to 2 months to prepare for supervision and let your home state regulator know about local business rules conduct.

UCITS (services)

One month for us to assess the notification and tell the host state regulator. You can begin the service after they receive your notification.

UCITS (establishment)

2 months for us to assess the notification and tell the host state regulator. Your firm must wait for the host EEA state to tell it about any local requirements that you should comply with before you can start business. If they have not contacted you within 2 months of notification, you can start business.

PSD/E-Money (services)

Three months for us to assess the notification and tell the host state regulator. Your firm can start business after receiving notice of our decision to permit passporting, but if your firm is providing services through a branch or agent, you cannot start business until the branch or agent(s) appear on the register. 

For further information please refer to Passporting under PSD2.

PSD/E-Money (establishments)

Three months for us to assess the notification and tell the host state regulator. Your firm can start business after receiving notice of our decision to permit passporting, but if your firm is providing services through a branch or agent you cannot start business until the branch or agent(s) appear on the register.Firms intending to appoint agents or distributors or to open a branch in another EEA state under an establishment passport must submit a 'Start of Activities notification' to [email protected].

Firms intending to appoint agents or distributors or to open a branch in another EEA state under an establishment passport must submit a start of activities notification form to [email protected].

For further information please refer to Passporting under PSD2.

AIFMD

One month (services) and 2 months (establishments) for us to assess the notification and tell the host state regulator. The firm is permitted to start business after the host state's regulatory authority has received notification.

MCD (services and establishment)

One month so we can tell the host state regulator that you intend to passport and at the same time tell you that we have made the notification. You can start business one month after the date that your home state regulator informs you of the notification.

​Further information

We will always tell you when we have notified the host EEA state.

You can withdraw your notice of intention at any time before a notification has been forwarded to the host EEA state.