Cross-border
Country manuals

• Basic modules with an overview of the legal and regulatory framework for a bank’s cross-border financial activities relating to banking and investment services (execution-only, investment advisory, discretionary asset management)
• Provide information on licensing requirements for solicitation, negotiation, provision of services, cooperation with third parties, etc.
• Consider the relevant factors of cross-border financial business such as location of the activity, client category, solicitation type, contractual basis and regulatory exemptions
• Includes an executive summary, schematic dos and don’ts and a detailed reference document
• Take a practical approach to a bank’s daily business

• Overview of the legal and regulatory framework (on a financial product level) applicable to cross-border distribution/sale/placement of the different instruments and the provision of associated advice in a private banking/EAM context
• Provide information on registration requirements, private placements, product bans, market practices and mandatory product documentation to be made available to investors
• Covered instruments: securities (incl. equities, debt instruments/bonds and structured products), collective investment schemes (e.g. UCITS, AIFs), derivative products and other financial products
• Consider the relevant factors of cross-border financial business such as location of the activity, client category, solicitation type, contractual basis, type of financial product and regulatory exemptions
• Includes an explanation and interpretation of the relevant regulatory context, a detailed reference table and schematic dos and don’ts

• Overview of the legal and regulatory framework applicable to cross-border activities in asset management
• Provide information on licensing and product registration requirements (incl. private placements) regarding the offering of products and services
• Cover the presentation of the asset management company, marketing investment funds, offering strategies and investment services (portfolio management and advisory), travelling activity and cooperation with locally licensed entities
• Consider the relevant factors of cross-border financial business such as location of the activity, client category, solicitation type, contractual basis, regulatory exemptions and market practices
• Includes an explanation and interpretation of the relevant regulatory context and schematic dos and don’ts

• Overview of the legal and regulatory framework for a bank’s cross-border credit activities such as overdraft facilities, consumer loans, credit cards, Lombard loans, mortgage loans and corporate lending
• Provide information on licensing requirements for advertising, solicitation, negotiation and disbursement regarding credit activities as well as data protection and currency controls
• Consider relevant factors of cross-border financial business such as location of the activity, client category, solicitation type, contractual basis, regulatory exemptions and product registration
• Includes an executive summary, schematic dos and don’ts and a detailed reference document

• General regulatory framework regarding the offer and intermediation related to insurance products
• Possibilities for marketing life insurance products in foreign jurisdictions
• Possibilities regarding cooperation with local insurance companies or with brokers
• Special treatment of specific investor categories
• Treatment of insurance-related products (financial instruments or not)
• Payment of distribution fees and retrocessions
• Reporting to clients
• General good provisions

• Overview of the legal and regulatory framework for an EAM’s cross-border financial activities (execution-only, investment advisory, discretionary asset management, introduction of a custodian bank)
• Provide information on licensing requirements for solicitation, negotiation and provision of these services
• Consider the relevant factors of cross-border financial business such as location of the activity, client category, solicitation type, contractual basis and regulatory exemptions
• Include an executive summary and schematic dos and don’ts

• Basic modules with an overview of the legal and regulatory framework for a bank’s cross-border financial activities relating to banking (account opening, execution-only) and credit services (consumer loans, credit cards, mortgage loans)
• Provide information on licensing requirements for provision of services and credit activities
• Consider the relevant factors of cross-border financial business such as location of the activity, client category, solicitation type
• Includes an executive summary, schematic dos and don’ts and a detailed reference document
• Take a practical approach to a bank’s daily business

• Overview of the legal and regulatory framework governing Trustee cross-border activities (set-up of trusts and structures, trust registration, accountancy, conciergerie services)
• Provide information on licensing requirements for Trustee services
• Tax: impact of anti-avoidance rules
• Consider the relevant factors of cross-border financial business such as location of the activity, client category, solicitation type
• Includes an executive summary, schematic dos and don’ts and a detailed reference document

• Overview of the legal and regulatory framework for an EAM’s cross-border financial activities (execution-only, investment advisory, discretionary asset management, introduction of a custodian bank)

– Include tax regulations and best practices applicable to private banking clients with assets deposited in a bank outside of their country of residence

– The information and the procedures have been specifically adapted to the financial industry’s requirements

– Every manual is divided into chapters covering issues as: tax compliance, tax adequacy, operational taxation (calculation and reports) and handling of structures

– The information has been adapted to the country of the custodian bank, with the relevant tax treaties, exchange of information agreements, regulations, and best practices

– Country Tax Manuals allow to reduce implementation costs, risks, and the adaptation period for new market requirements

Provide information on licensing requirements for solicitation, negotiation and provision of these services

• Consider the relevant factors of cross-border financial business such as location of the activity, client category, solicitation type, contractual basis and regulatory exemptions
• Include an executive summary and schematic dos and don’ts

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