<p>The EU passporting system for banks and financial services companies enables firms that are authorised in any EU or EEA state to trade freely in any other with minimal additional authorisation. These passports are the foundation of the EU single market for financial services.</p>

CC BY-SA 4.0
2019-02-15T13:33:34.177Z
2019-02-15T13:33:34.177Z
user22485
<p>What are “passports” in the context of financial services?</p>

<p>I have also heard the term “passporting rights.”</p>

CC BY-SA 4.0
2019-02-12T18:17:07.287Z
Have you tried [Googling](http://lmgtfy.com/?q=passporting+rights) before posting the question?
Herr K.
<financial-markets><european-union>
What are financial service “passports”?
52d6c6af
# What are financial service “passports”?

(Asked by: username_0 on 2019-02-12)

What are “passports” in the context of financial services?

I have also heard the term “passporting rights.”

**Tags:** financial-markets, european-union

> **Comments:**
> **username_1**: Have you tried [Googling](http://lmgtfy.com/?q=passporting+rights) before posting the question?  

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## 1 answers

### Answer by username_2 on 2019-02-15. Score: 1 | Accepted answer

The EU passporting system for banks and financial services companies enables firms that are authorised in any EU or EEA state to trade freely in any other with minimal additional authorisation. These passports are the foundation of the EU single market for financial services.


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