Passporting and supervision of branches

In accordance with the principle of single authorisation, the decision to issue an authorisation valid for the entire EU shall be the sole responsibility of the competent authorities of the home Member State. A financial institution may then provide the services, or perform the activities, for which it has been authorised, throughout the Single Market, either through the establishment of a branch or the free provision of services.

This section covers the EBA's requirements for passport notifications between home and host competent authorities under various EU Directives, among other things specifying the information to be notified and establishing standard forms, templates and procedures for the purposes of these notifications.

Furthermore, this section covers the EBA's work on collaboration and exchange information regarding institutions operating through branches and the freedom of provision of services in one or more EU Member States and provides technical standards for such collaboration and information exchange between home and host competent authorities.

Technical Standards, Guidelines & Recommendations

Technical standards

Regulatory Technical Standards on passporting under PSD2

These Regulatory Technical Standards (RTS) on the framework for cooperation and exchange of information between competent authorities for passporting will ensure that information about those payment institutions that carry out business in one or more EU Member States is exchanged consistently between the national authorities of the home and host Member States. They distinguish the notifications related to branch establishments, agent’s engagement and free provision of services.

Opinions, Reports and other Publications