European Brokerage · glossary
The right of a firm licensed in one EU country to serve clients in another. The firm sends a notice to its own regulator, which passes it to the regulator in the clients’ country within one month. Only then may the firm start, as Thalvia did before opening in Germany. Clause 1.1 · Chapter 2 · see MiFID II
Explained in Chapter 2, The Licence and the Passport, of European Brokerage.
Also explained in Crypto-Asset Regulation.
A broker needs a licence from the regulator in its home country before it takes a single order. The licence names each service the broker may offer. Thalvia’s licence from CySEC names two services, which are all it may offer. The passport lets a firm use one licence in other member states, and Thalvia uses it to serve clients in Greece and Germany.Read Chapter 2, The Licence and the Passport →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of European Brokerage and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
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