Brexit is likely to lead to the relocation of UK financial services firms to the EU in order to be able to access EU markets, mainly through the EU passport. The same applies to the EU firms intending to be active on the UK markets. The access conditions to the EU markets are numerous and complex, laid down in EU and national legislation and regulation, and applied by the national supervisory authorities. The European Supervisory Authorities or “ESAs” have published elaborate statements, called Opinions, on the detailed access conditions and the way they intend to apply these. The two main objectives are the full application of EU law, and the avoidance of authorizing EU firms that would be “empty boxes” for activity that would in fact be exercised in the UK, and this mainly by delegating activities to another firm. Underlying is a policy of competition between national economies for relocations of EU firms, or of business activities to be developed on the UK financial markets.

中文翻译：

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英国脱欧以及向欧盟和英国提供金融服务

英国脱欧可能导致英国金融服务公司迁往欧盟，以便能够主要通过欧盟护照进入欧盟市场。打算在英国市场活跃的欧盟公司也是如此。进入欧盟市场的条件繁多而复杂，由欧盟和国家法律法规规定，并由国家监管机构制定。欧洲监管机构（ESA）已发布了详细的声明，称为意见，涉及详细的访问条件及其打算应用这些声明的方式。两个主要目标是全面实施欧盟法律，避免授权将在英国实际上会开展活动的“空箱”的欧盟公司，这主要是通过将活动委托给另一家公司来进行。