Originally posted by darmstadt
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To allow the continuous functioning of the single passporting system applicable to the UK, since it is an important prerequisite for financial operations, including instalment sales, in the EU. If Japanese financial institutions are unable to maintain the single passport obtained in the UK, they would face difficulties in their business operations in the EU and might have to acquire corporate status within the EU anew and obtain the passport again, or to relocate their operations from the UK to existing establishments in the EU.
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