passporting procedures

What is passporting procedures?

passporting procedures definition and meaning on Finance terms:
Procedures concerning the freedom of establishment and the freedom to provide services in other Member States of 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 the CRD IV). <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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