The Committee of European Banking Supervisors (CEBS) has published its passporting guidelines (the Guidelines). CEBS states that the Guidelines will facilitate the efficient and on-going supervision of credit institutions that provide their services or perform their activities, throughout the Community, either through the establishment of a branch or the free provision of services.
The Guidelines address co-operation and exchange of information between the competent supervisory authorities and call for the harmonisation of documents exchanged. CEBS advocates the adaptation of the templates set out in Annexes 1 and 2 so as to ensure that host authorities receive the information needed and additional requests are reduced to the best possible extent.
View CEBS Guidelines on passport notifications, 27 August 2009