38. Must branches of regulated undertakings based in another member state of the European Economic Area register with the FSMA in order to carry out financial planning under Article 34, §§ 3 and 4, of the Law of 25 April 2014?

No, such branches may by right carry out financial planning without prior registration with the FSMA.

This right is independent from the notification procedure to be followed by a regulated undertaking for the establishment of a new branch.