Banking

The concept of passporting is not available under US banking laws and regulations.

Securities and Investments

The concept of passporting is not available under US securities laws and regulations.

Derivatives

The concept of passporting is largely not applicable under the US Commodity Exchange Act and Regulations. The CFTC permits certain regulated entities (e.g., swap dealers) that are domiciled outside of the United States to comply with local rules on margin and "entity-level" rules if local rules are comparable to the CFTC rules (i.e., "substituted compliance"). However, "substituted compliance" is largely unavailable when such non-US entities deal directly with US persons.

Insurance

Although the appropriate state’s laws should be reviewed to confirm, the concept of passporting is likely not available under state insurance laws.

Money Transmission

Although the appropriate state’s laws should be reviewed to confirm, the concept of passporting is likely not available under state money transmission laws.  However, many states provide exemptions from money transmitter licensing for businesses registered or licensed in other capacities (e.g., federally and state-chartered banks and SEC-registered broker-dealers).