On 4 June 2015, the European Banking Authority (EBA) launched a consultation (EBA/CP/2015/11) on the draft guidelines for passport notifications for mortgage credit intermediates under the Mortgage Credit Directive (2014/17/EU) (MCD).

The guidelines will ensure that information about credit intermediaries that carry out business in one /or more member states is exchanged consistently between the national authorities of the home and host member states respectively, in line with the MCD. The public consultation runs until 4 July 2015.

The EBA expects to be able to deliver the final guidelines in the third quarter of 2015. The guidelines would apply from 21 March 2016, the transposition date of the MCD.

The consultation can be read in full here.