ESMA briefs on non-EU branches

ESMA has published a supervisory briefing aimed at helping supervisors dealing with non-EU branches of EU firms. It highlights how the supervisors should ensure that the non-EU branch can comply with the requirements of EU legislation, and understand how the EU firm can manage the branch.  While not overtly aimed at UK firms, the briefing links to a separate paper prepared by ESMA in 2017 on the position of UK branches.