The Home Country Control Principle

Yannis V. Avgerinos

Chapter 3 in Regulating and Supervising Investment Services in the European Union, 2003, pp 50-81 from Palgrave Macmillan

Abstract: Abstract This chapter unfolds the concept of home country control as envisaged and applied by the European Commission and Member States. What were the initial concerns faced by European leaders, what were the underlying considerations and principles that led to this approach, how did it evolve and what were the issues stemming from its application? As indicated before, the original aim of the Community was to establish a Single Market in investment and other financial services throughout the EU by introducing minimum harmonisation of the national laws of each Member State insofar as they concerned the establishment of financial institutions and the cross-border provision of services and the setting of common standards of prudential supervision. In this effort, the overall objectives of the EC Treaty should be kept, in particular the concepts of freedom of establishment and freedom to provide services.1

Keywords: Host Country; Competent Authority; Advocate General; Investment Firm; Supervisory Authority (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28687-0_4

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DOI: 10.1057/9780230286870_4

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