Examples of using Passporting in English and their translations into Slovak
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Computer
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Programming
Simplify the notification procedure for passporting funds.
In other words, no"Passporting" where waivers apply.
Offers of securities to the publicmade under such an exemption should not benefit from the passporting regime under this Regulation.
However, passporting does not eliminate legal compliance costs, and passporting rights do not extend to all products.
Assess the case for an EU licensing and passporting framework for FinTech activities;
The ECB is also responsible for the fit and proper assessment of members of themanagement bodies of significant credit institutions and for passporting procedures.
After Brexit, London-based banks will lose so-called“passporting” rights, which grant access to the EU.
Passporting' is extremely significant to firms in London as it allows insurers, banks and asset managers the right to sell their services freely across the rest of the EU.
Such exempted offers ofsecurities to the public should not benefit from the passporting regime under this Regulation.
Simplify the notification procedure for passporting funds: the contents, complexity and length of the notification phase vary greatly from one Member State to the next.
As expected,Revolut applied for a license through the Bank of Lithuania and is leveraging passporting rules to operate in other European countries.
Licensed banks can in theory take advantage of'passporting' opportunities and branch out across the EU and EEA without the need for further authorisation.
It is seen as a potential death blow to the City of London, and thereforethe wider economy, as it would mean companies would lose financial passporting rights.
Further calls on the Commission and the ESAs to apply, where applicable, passporting regimes to providers of new financial services offered across the Union;
The passporting regime allows EMIs to go cross border and conduct the same business in host Member States as they are entitled to conduct in their home Member State under the EMI licence, without additional hindrances.
This last point includes the prudential regime, the waivers and passporting regime as well as the application of anti money laundering rules to e-money services.
TeleTrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states(except Belgium)under MiFID passporting regime, and in selected 3rd countries.
Once approved, EU Growth prospectuses should benefit from the passporting regime under this Regulation and should therefore be valid for any offer of securities to the public across the Union.
The design of the scheme has been based upon an assumption that there will be no favourable outcome of the current political negotiations between the UK andthe EU as regards passporting or the grant of equivalence status to the UK in respect of financial services.”.
Once an EU growth prospectus is approved, it may benefit from the passporting regime under the regulation and should therefore be valid for any offer of securities to the public across the EU.
That is one of the first tangible signs that banks are starting to act on Brexit contingencyplans to keep what the European Union calls passporting rights- the possibility to offer services to all European Union clients via just one local licence.
Thus, Gibraltar licensed bankscan in theory take advantage of"passporting" opportunities and branch out across the EU and EEA without the need for further authorization(except for notification).
Decision(EU) 2019/1377 of the European Central Bank of 31 July 2019 nominating heads ofwork units to adopt delegated decisions on passporting, acquisition of qualifying holdings and withdrawal of authorisations of credit institutions(ECB/2019/26).
The EU has already ruled out the continuation of‘passporting' arrangements which currently allow UK financial services firms to operate freely across the European Economic Area.
As is the case for other types of prospectus under this Regulation, once approved,an EU Growth prospectus should benefit from the passporting regime under this Regulation and should therefore be valid for any offer of securities to the public across the Union.
This envisages the parts of the bank'sbusiness which is affected losing their"passporting" rights which currently allow them to conduct investment services activities in the remaining 27 EU member states.
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;
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.
This concerns both the current situation in which non-EU AIFMs do not have passporting rights, and a situation in which the provisions on such passporting in Directive 2011/61/EU become applicable.
