In today’s episode of Compliance That Makes Sense, I’m 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.

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Today’s episode:

• [00:32] Greetings from Mallorca, and an introduction to today’s topic. 
• [01:12] Confusion that exists around passporting in the EU.
• [01:33] An explanation of what passporting is. 
• [02:18] The three passportable services covering different financial activities.  
• [03:50] Examples of circumstances under which your license will not be passportable. 
• [05:42] Why it is important to understand the difference between passportable and non-passportable services.
• [06:38] How you can provide services without passporting, and the limitations of using this model.  
• [08:10] Warnings that can be given for businesses offering services without passporting.
• [10:06] The process that you need to follow to get passported. 
• [12:38] If you haven’t heard back 3 months after submitting your application, you can assume everything is fine. 
• [14:46] Bye for now!

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