Cross-Border Investment Services

Refreshed November 2024 | CPD time: 1 Hour 30 Minutes

Financial services is a regulated industry in most parts of the world. When firms wish to conduct business outside of their own borders, they will inevitably find themselves subject to the local regulatory environment. When it was a member of the EU, the UK’s financial services industry was able to conduct business in other parts of the EU by having their FCA-authorised business passported into other EU countries. Similarly, EU firms have been able to passport their services into the UK. However, since Brexit, passporting between the UK and EEA states is no longer permitted. Non-EU business has always been subject to the limitations of doing business across borders, often with much lighter regulation. This module aims to provide an introduction to cross-border business and the limitations of being locally regulated.