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.