See the discussion box. This is contract law, and the fact that freedom of establishment is a principle of EU law is not relevant here. "Habilitée à exercer son activité en France" and "en libre établissement" is basically saying the same thing twice.

French term (edited): en libre établissement [passeport financier européen]

[XYZ] habilitée à exercer son activité en France en libre établissement
=
[Company XYZ] authorised to operate in France under the freedom of establishing branches / freedom of establishment


this is a decision about a specific case, not some declaration of general principles.

the term used in all documents, simply "freedom of establishment" is in fact very misleading if you are not aware of the context!

it's not about the general principle of "freedom to establish your business anywhere in the EU", it's in fact only the

"freedom [for an institution granted the "European Financial Passport"] to establish own branches in other EU / EEE states"

as something as specific as that it would have to quoted in a decision / notification (?) as a ground for opening a new branch in another EU state. [IOW there is nothing redundant in specifying "habilitée à exercer son activité en France en libre établissement"]

See:


"en libre établissement" is one of the two ways financial institutions that are granted a "European Financial Passport" can operate in other EU member states (or in the European Economic Area)

Sociétés de gestion
Passeport
Le passeport européen pour les sociétés de gestion de portefeuille
Publié le 3 juillet 2014
Le passeport européen permet à une société de gestion, ayant obtenu un agrément par l’autorité de son pays d’origine, d‘exercer ses activités dans toute l’Union européenne ou dans un Etat partie à l’accord sur l’Espace économie européen (EEE). Lorsqu’une société de gestion d’un autre Etat membre souhaite fournir ses services en France, on parle de «passeport in» ; lorsqu’une société de gestion française souhaite fournir ses services dans l’Union européenne ou dans un autre Etat partie à l'accord sur l'EEE, on parle de «passeport out».

Les modalités d’exercice d’activités
Il existe deux modalités d’exercice du passeport européen.

En libre prestation de services : la société de gestion peut exercer ses activités dans un autre Etat membre de l’Union européenne ou, le cas échéant dans un autre État partie à l'accord sur l'Espace économique européen autre que celui où se trouve son siège social.

En libre établissement : la société de gestion peut librement installer une succursale dans un autre État membre de l’Union européenne ou, le cas échéant, dans un autre Etat partie à l’accord sur l’Espace économique européen.

http://www.amf-france.org/Acteurs-et-produits/Societes-de-ge...

Passporting and supervision of branches

Single Rulebook Q&As on Passporting and supervision of branches of credit institutions

In accordance with the principle of single authorisation, the decision to issue an authorisation valid for the entire EU shall be the sole responsibility of the competent authorities of the home Member State. A financial institution may then provide the services, or perform the activities, for which it has been authorised, throughout the Single Market, either through the establishment of a branch or the free provision of services.

https://www.eba.europa.eu/regulation-and-policy/passporting-...



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Note added at 19 hrs (2017-05-12 08:38:18 GMT)
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for those hard-of-seeing, who think that a shadow could exist on its own or need to see a car as they don't believe that tyre marks are proof enough that there is a car in the story:

From the header to a contract, naming and describing one of the parties.

[Company XYZ] habilitée à exercer son activité en France en libre établissement, en qualité d\'établissement de [description of trade].

=>

the specific Company XYZ is described as / qualified as being:

habilitée à exercer son activité en France en libre établissement, en qualité d\'établissement de [description of trade].

when a business is labelled as "habilitée à exercer son activité en France" that means that

1 -- that business operates in a regulated activity, where you need to have a licence/authorisation to exercise your trade

2-- that what follows describes on which grounds this business is allowed to operate in France in the relevant regulated activity -

N.B. the particulars of a business are made of information relevant to that entity and the sector in which it operates, NOT of statements of general principles

the only kind of activity that gets allowed to be exercised in France on the basis of being "en libre établissement" is the one mentioned in my answer.

given that financial services provided under "un passeport financier européen" are the only trade where "habilitée à exercer son activité en France" is conditional on a something labelled "en libre établissement", withholding the [description of trade] was of no use.

CQFD