Market access

Where is the activity being conducted?

Conducting business via the internet does not remove the requirement for persons taking up or pursuing insurance distribution for remuneration to be registered in their home state, nor does it remove the requirement for intermediaries to comply with the local laws and expectations of relevant national regulators relating to market access by third country insurers and intermediaries to that EEA territory.

Staff can continue to travel to EU27 member states as a part of their leisure activities (subject to visa requirements).  It may be prudent for staff to avoid conducting business activities that might constitute regulated activities or give rise to an overseas establishment in other jurisdictions without the first obtaining the relevant regulatory permissions to do so.

The UK Government has published guidelines for visiting Europe after Brexit (available from its website here).