Passporting: Three things to consider

There are pros and cons to passporting. We would stress that considerable knowledge and information needs to be collated by any business before it reaches a decision. But, if your business is considering such a strategy, here is what you need to know. Regulatory and legislative Generally speaking, the regulatory and legal requirements of potential ‘home countries’ on the Continent result in a need for an office (the head office) of an IFA to be based there and then an IFA could passport into the UK (the ‘host country’) under FOS (Freedom of Services) or FOE (Freedom of Establishment) r...