42 -Truths and Myths about EU Passporting of Financial Services

<p class="p1">In today’s episode of <a href= "https://open.spotify.com/show/3DMfG7iEAmvFwlqoh2a79x"><span class= "s1">Compliance That Makes Sense</span></a> I am going to burst the bubble of confusion that exists around passporting. By the end of today’s show, you will understand what passporting means, the benefits of it, what the available three passportable services are, and the process that you need to follow to get passported.<span class="Apple-converted-space"> </span></p> <p class="p3"><span class="s2">If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies!</span> <span class="s2">If you are on Apple, just <a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531"><span class="s3"><strong>click here to review</strong></span></a>, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </span></p> <p class="p3"> </p> <p class="p5"><span class="s2"><strong>Today's episode:</strong></span></p> <p class="p5"><span class="s2">[00:32] Greetings from Majorca, and an introduction to today’s topic.<span class= "Apple-converted-space"> </span></span></p> <p class="p5"><span class="s2">[01:12] Confusion that exists around passporting in the EU.</span></p> <p class="p5"><span class="s2">[01:33] An explanation of what passporting is.<span class= "Apple-converted-space"> </span></span></p> <p class="p5"><span class="s2">[02:18] The three passportable services covering different financial activities. <span class= "Apple-converted-space"> </span></span></p> <p class="p5"><span class="s2">[03:50] Examples of circumstances under which your license will not be passportable.<span class= "Apple-converted-space"> </span></span></p> <p class="p5"><span class="s2">[05:42] Why it is important to understand the difference between passportable and non-p