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)
• Provides information on licensing requirements for solicitation, negotiation, provision of services, cooperation with third parties, etc.
• Considers 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
• Takes 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
• Provides 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
• Considers 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
• Provides information on licensing and product registration requirements (incl. private placements) regarding the offering of products and services
• Covers 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
• Considers 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
• Provides information on licensing requirements for advertising, solicitation, negotiation and disbursement regarding credit activities as well as data protection and currency controls
• Considers 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)
• Provides information on licensing requirements for solicitation, negotiation and provision of these services
• Considers 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 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)
• Provides information on licensing requirements for provision of services and credit activities
• Considers 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
• Takes 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)
• Provides information on licensing requirements for Trustee services
• Tax: impact of anti-avoidance rules
• Considers 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)
  • • Includes 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
• Provides information on licensing requirements for solicitation, negotiation and provision of these services
• Considers 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 and schematic dos and don’ts

video play icon

• Provides a comprehensive overview of the tax regulations and practices applying to private cross-border clients (individuals) whose assets are in custody of a non-domestic bank. The aim is to consider the tax impact of investments within the framework of a management (or advisory) mandate, mitigate the Commercial and Civil Risks and embrace the competitive challenge for this new environment. Tax Investment Manuals (TIM) include crucial information designed to assist Financial Institutions in the allocation of investment portfolios though the principles of taxation (Tax residency, Income Tax, Wealth tax, Exit Tax, Specific tax status, Inheritance & gift tax, Transparency rules for entities, Blacklists, Currency control, Financial transaction tax) 

• Includes Tax Suitability Ratings for the direct line management of financial instruments based on taxation rules for each class of financial product (incl. Crypto Assets) 

• Assessed with criteria rules (Tax Rate, Withholding Tax, Loss and Fees Deduction, Reporting Obligations). In practice, this means excluding investments subject to detrimental taxation, and not tax optimization. Tax Investment Manuals (TIM) are updated each year with the assistance of domestic tax lawyers

• Summarizes the Tax Investment Manuals

• Eases a digital solution for tax suitability of financial investments depending on the country of domicile of a private client or its special tax regime

• Contains a summary of tax definitions and concepts, tax rules with specific tax criteria and for each asset class, Tax Suitability Ratings, a comment and an alert

• Complementary guide to the Tax Investment Manual

• Aim of this manual is to describe the tax rules on private equity funds in order to assist wealth managers to prepare or to complete an investment proposal

• Takes into account the tax aspects that may impact Private client resident in a country at the ordinary tax regime

• Each PEM is focused on the 4 common issuer countries (LU, IR, LI, KY) with each existing legal structure