Reverse Solicitation: Is This The End To License-Free Provision Of Financial Services? - McDermott Will & Emery

Reverse Solicitation: Is This The End To License-Free Provision Of Financial Services?

Overview


Financial regulatory partner Renate Prinz authored an article that was published in Finextra that examined the impact of the reverse solicitation rule since Brexit. The rule enables the cross-border provision of financial services or the granting of loans without the necessary authorisation in the recipient country if the service is requested at the customer’s exclusive initiative.