This chapter applies to an EEA firm that wishes to exercise an entitlement to establish a branch in, or provide cross border services into, the United Kingdom under a Single Market Directive or the auction regulation. (The Act refers to such an entitlement as an EEA right and its exercise is referred to in the Handbook as "passporting".) (See SUP App 3 (Guidance on passporting issues) for further guidance on passporting.)
This chapter also applies to:
a Treaty firm that wishes to exercise rights under the Treaty in respect of regulated activities
, those rights
covered by passporting rights provided
by the Single Market Directives, and
for authorisation under Schedule 4 to the Act (Treaty Rights); and
a UCITS qualifier, that is, an operator, trustee or depositary of a recognised collective investment scheme, constituted in another EEA State, and which qualifies for authorisation under Schedule 5 to the Act (Persons concerned in collective investment schemes).
The provisions implementing the Single Market Directives are within the coordinated field (see PERG 2.9.18 G (1)). So, where an incoming ECA provider intends to provide electronic commerce activity that consists of activities that fall within one of the Single Market Directives, the passporting requirements on exercising an EEA right in this chapter will apply.