The Unibanco Letters - Dual-Hatting Regulations and Global Enforcement

UK Law: What's Next? – MIFID 2 - New TCF Access Regime (Cont.) - • TCFs from equivalent jurisdictions that establish branches in the UK will not be able to passport their wholesale businesses across Europe. However, a TCF can instead establish a subsidiary in the UK with appropriate authorizations in order to obtain the passport. Morgan Lewis 69

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