Country Manual Credits
Andorra – Update 2025
BRP has updated its Country Manual Credits for
Andorra out of Credit Institution’s Country of Establishment (RT, BT & Def)
| Source of changes | Answers |
|---|---|
| Law / Regulation | Yes |
| New Position of the Authorities | No |
| Evolution of Expert’s Interpretation | No |
Regulatory Template
Material changes
There have been some legal changes to financial services. Andorra has partially transposed MiFID II into the Andorran legal framework. On 19 June 2024, Act 7/2024, of 27 May, concerning the organization and operation of financial entities within the Andorran financial system and market abuse (“Llei 7/2024, del 27 de maig, sobre organització i funcionament de les entitats operatives del sistema financer i l’abús de mercats”), was published in the Andorran Official Gazette (BOPA). This piece of legislation does not foresee a specific regime for reverse solicitation. To this extent, the tolerated market practice will continue to operate as it as abovementioned. The legal changes have had no substantive effect on the answers in the Regulatory Template relating to credit activity.
Non-material changes
The tax section has been reviewed and updated.
For more information, please contact us: info@brpsa.com
Geneva, March 21st 2025