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SUP App 3.2 Purpose

SUP App 3.2.1GRP

The purpose of this appendix is to give guidance:

  1. (1)

    to UK firms on some of the issues that are involved in addressing the questions: What is a branch? and Where is a service provided? (see SUP App 3.5(The right of establishment) and SUP App 3.6 (Freedom to provide services));

  2. (2)

    to all firms on the relationship between regulated activities and activities passported under the Single Market Directives (see SUP App 3.9(Mapping of the Investment Services Directive and Banking Consolidation Directive to the Regulated Activities Order)).

This guidance refers to comments made by the European Commission. These comments do not themselves have the force of legislation (see SUP App 3.3.5 G (Interpretative communications)).