en

single licence

1

Terminological databases

EKI terminibaas Esterm

ID 693679 Last modified 30.12.2004
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Domain Financial Affairs - Taxation & Customs
  • licence granted by the Member State of origin to a service undertaking (for example, a bank, a credit institution or an insurance company) to carry out its business freely throughout the whole Community, by way of establishment or freedom to provide services, being under the jurisdiction only of the authorities of the country of origin
Good to know
  • FR: licence unique [WPG-1341] DE: einmalige Zulassung [WPG-1341]; einheitliche Lizenz [WPG-1341]; einheitliche Zulassung [WPG-1341]
single licence
Usage examples
  • To be authorised, an investment firm must: have sufficient initial financial resources; be managed by people with sufficient professional integrity and experience; and, holders of qualified participations must be suitable persons. The principles of home country control and a single licence are also applied (as for banks).

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