Examples of using Passporting in English and their translations into Hungarian
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London's position as an international financial centre isnot by any means purely dependent on EU passporting.
However, passporting does not eliminate legal compliance costs, and passporting rights do not extend to all products.
Such exempted offers ofsecurities to the public should not benefit from the passporting regime under this Regulation.
(a) shall not benefit from the passporting regime under this Regulation and therefore Articles 23 and 24 of the Regulation shall not apply;
Offers of securities to the publicmade under such an exemption should not benefit from the passporting regime under this Regulation.
Without prejudice to the passporting regime under this Regulation, the supervision of such advertisements is an integral part of the role of competent authorities.
We provide portfoliomanagement services to the remainder of the EU under the MiFID Passporting Regime on a Cross-Border basis.
Cross-border"passporting" of various investment services and activities might not operate as smoothly as between Member States that have fully transposed the MiFID II rulebook.
The report before us todaycalls for speedy solutions to facilitate the cross-border passporting of retail non-harmonised funds.
To ensure the approval and passporting of the prospectus as well as the supervision of compliance with this Regulation in particular concerning advertising activity, a competent authority needs to be identified for each prospectus.
One of the definite plusses of EU membership, and something that has undoubtedly benefited U.K. fintech startups,is so-called“passporting” of financial services.
This concerns both the current situation in which non-EU AIFMs do not have passporting rights, and the situation where the provisions on passporting in Directive 2011/61/EU become applicable.
All of the following investment firms are regulated under the Markets in Financial Instruments Directive(MiFID)in regards to other offices within the European Union under the MiFID Passporting Regime.
Since costs are only borne by those seeking access to the new EU social investment fund label andassociated passporting rights, so are proportionate to the business opportunities the new framework opens up.
The second major aim of the directive is to create a secondary market for NPLs by removing barriers to credit servicing andto transferring bank loans to third parties across the EU via a passporting scheme.
To tackle these problems, this assessment concludes that a dedicated Europeansocial investment fund framework which gives passporting rights to the managers of these funds is the most effective and efficient approach.
Business leaders based in London should focus their efforts on lobbying UK Government and EU politicians to retain as much EU access as possible,including retaining EU passporting rights.”.
PwC's analysis shows that, everything else remaining equal, the loss of passporting could see London lose its place as the EU's strongest financial centre as it would fall into 2nd place in the league table behind Dublin.
One important factor that contributes to London's success as an international financialcentre is its access to the Single Market via passporting for financial services.
Stresses that any regulatory approach toward DLT should be innovation-friendly,should enable passporting, and should be guided by the principles of technology neutrality and business-model neutrality;
Eileen Burbidge, Britain's fintech envoy, said the UK government will re-evaluate its fintech support programmes butshe expects passporting rights to be maintained.
Notes that if minimum harmonisation has been introduced in the sector,financial passporting, could allow FinTech services to be offered across Europe while being subject to the regulatory control of a single Member State.
But goods and potentially services would be traded with the remaining EU states on a tariff-free basis andfinancial organisations would keep their"passporting" rights to sell services and operate within the EU.
Passporting procedures: procedures concerning the freedom of establishment and the freedom to provide services in other Member States by any credit institution authorised and supervised by the competent authorities of another Member State, provided that such activities are covered by the authorisation(as regulated by Articles 33 to 46 of CRD IV).
Goods and services would be traded with the remaining EU states on a tariff-free basis andfinancial firms would keep their“passporting” rights to sell services and operate branches in the EU.
This subpage gives you guidance on the marketing and regular trading in Hungary of the collective investment securities of an UCITS licensed in another EEA country,with special regard to the following: the passporting process;