Abstract
Due to Brexit, large international banking groups have been restructuring their businesses with European clients since regulated institutions based in the UK will no longer be able to use the European Passport. While many firms have established new hubs in the EU 27, there are others which are considering providing services on a cross-border basis to European clients directly from the USA, Switzerland and other third countries, including the UK. This article addresses the question as to whether third-country firms are allowed to provide investment services in Germany without a license and whether German organisational and business conduct rules would apply. BaFin, Brexit, business conduct requirements, ESMA, equivalence, MiFID, MiFIR, organisational requirements, reverse solicitation, waiver
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
