Country Manual Private Banking
Denmark
out of Bank’s Country of Establishment (Def, RS, BT & RT)
| Source of changes | Answers |
|---|---|
| Law / Regulation | No |
| New Position of the Authorities | No |
| Evolution of Expert’s Interpretation | No |
Regulatory Template, Regulatory Summary and Behaviour Template
Material changes
The Country Manual has been reviewed to ensure that the content of all documents remains accurate and in line with the evolving interpretation of the current legal and regulatory framework. No major material changes to the Danish cross-border framework have been reported by local experts.
Concerning the collection of relevant supporting documents and information (e.g. ID documentation, know-your-customer documentation, information on the client’s risk profile or other forms and waivers such as the tax compliance or FATCA form), it has been specified that if such activity takes place in accordance with Danish cross-border rules and the documentation is necessary to provide the underlying service, such documents may be gathered, reviewed, or updated remotely and occasionally onsite, whether actively or upon request.
Non-material changes
The scope of the Country Manual has been amended to explicitly point out that the Danish cross-border rules are not applicable to Greenland, as Danish legislation is (only) implemented on a section-by-section basis and with specific adjustments in Greenland, and (additional) local laws may apply. Further, the legal bases have been updated to the latest versions and other non-material changes and more detailed explanations have been added throughout the documents.
BT Short Comparison
This document allows users to quickly identify the modifications made compared to the previous version of the PB Manual (BT Short Comparison). The BT Short Comparison can be found on BRP’s platform (mybrponline) in the Search tab by entering in the Document Field “CM PB BT SHORT COMP” and “DENMARK” in the Target Country Field.
The BT Short Comparison should be read as follows:
The first column contains a short description of the activity in question. The second column contains the answers of the previous version of the Country Manual (online until the day of the alert). The third column contains the new answers of the most recent version of the Country Manual. Only the modified answers are displayed (in color). If the answers in the new version are unchanged compared to the previous version, they are shaded in grey.
For more information, please contact us: info@brpsa.com
Geneva, August 11th, 2025