A European directive that allows certain businesses once authorised in one part of the EEA to undertake investment services in another part of the EEA without the need for re-authorisation. Consequently, authorisation becomes "passportable". Note, however, that not all activities are passportable. See Core and Non-Core and compare the definitions of Instruments/ Investments and Investment Business and Investment Services.
A Directive produced by the European Commission re... Add a comment
A European Union Directive with the objective to harmonise standards of regulation and allow firms established in any EU member state to conduct investment business in any other EU state.
European Union directive of 1993, which mandates the framework for securities regulation legislation in EU member states.
a European Union proposal in 2002 to upgrade the 1993 Investment Services Directive (ISD), which covers investment services and regulated markets. The updated proposal would require energy firms wishing to trade financial products and certain cash-settled commodity derivatives instruments to be authorised as investment firms.
European Union Directive imposing common standards on investment businesses.
The European Union Investment Services Directive, adopted in 1993, sought to establish the conditions in which authorised investment firms and banks could provide specified services in other European Union Member States on the basis of home country authorisation and supervision. It has subsequently been extended by the Markets in Financial Instruments Directive.