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No passporting rights exist for third-country firms under MiFID, but the position is set to change when MiFID II and MiFIR comes into force from 3 January 2018.
by krona 10y ago
No passporting rights exist for third-country firms under MiFID, but the position is set to change when MiFID II and MiFIR comes into force from 3 January 2018.
- simonh 10y agoInteresting, I wasn't aware of that thanks. I just did some reading up. However it looks like to be eligible the UK would have to effectively rubber stamp all the EU's financial services regulations into UK law, but of course without any of our current influence as a member over drafting it. So much for winning back Parliamentary sovereignty!