On 11 July 2023, the European Securities and Markets Authority (ESMA) published a final report on revised technical standards for passporting under Article 34 of MiFID II.

The purpose of the amendments to the list of information to be provided by investment firms at the passporting stage and to the list of notification of changes that are required afterwards in case of a change to the information initially notified aim at improving the range of information that home and host Member State competent authorities receive under Article 34 of MiFID II, thus improving their awareness and supervision of investment firms’ cross-border activities.

ESMA has submitted the final report to the European Commission and will provide further advice and technical guidance should the Commission proceed with the review.