Discussion paper on draft requirements on passport notifications for credit intermediaries

These draft requirements aim to ensure that information about credit intermediaries that carry out business in one or more Member States is exchanged consistently between the competent authorities of the home Member State and of the host Member State. Competent authorities will be responsible for the implementation of the Mortgage Credit Directive (MCD). To that end, the EBA proposes to formalise the passport notifications for credit intermediaries, in order to ensure that intermediaries can exercise their freedom to provide services and freedom of establishment.