France in dash for post-Brexit businesses

France, in common with other EU countries, is making a direct play for British businesses to relocate. This is from the AMF, representing financial companies

As all players in the Paris financial market are gearing up for the challenges posed by Brexit, the Autorité de contrôle prudentiel et de résolution (ACPR) and the Autorité des marchés financiers (AMF) are getting ready to welcome British-based institutions that wish to locate their business in France.

The United Kingdom’s decision to leave the European Union may have consequences for institutions based in the UK which use the passport mechanism to carry out all or part of their activities in other EU countries under the freedom to provide services or under the right of establishment (i.e. through branches or other forms of permanent presence).

An English-speaking contact point will be appointed to guide applicant firms through the procedure starting with the pre-authorisation period and will provide all necessary information to ensure the smooth processing of the application.

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