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Appendix 1.1 PRA REBOOK: PASSPORT ING INSTRUMENT YEAR Powers exercised A. The Prudential Regulation Authority (PRA) makes this instrument in the exercise of the following powers and related provisions
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The pra rulebook passporting instrument is a regulatory tool that allows firms authorized in one European Economic Area (EEA) country to provide certain financial services in other EEA countries without needing separate authorization in each country.
Firms authorized in one EEA country who wish to provide financial services in other EEA countries need to file a pra rulebook passporting instrument.
The pra rulebook passporting instrument can be filled out online through the relevant regulatory authority's portal, providing all necessary information and documentation.
The purpose of the pra rulebook passporting instrument is to facilitate the cross-border provision of financial services within the EEA by streamlining the authorization process for firms.
The pra rulebook passporting instrument typically requires information about the firm, the financial services it provides, the countries it operates in, and compliance with regulatory requirements.
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