Country Manual Private Banking
Dominican Republic
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
We have reviewed the documents following consultations with our local counsel. We can confirm there have been no relevant changes in the financial regulations and no material changes in our answers since the last update.
Non-material changes
Several paragraphs have been reworded, to provide more clarity and a more detailed explanation. In addition, in order to align the content of our existing explanations with the listed conditions, we have added the condition ‘provided orders are passed to the Bank’s country’ for execution only and the condition ‘no formal rules’ for active remote personalised advice activities.
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 “DOMINICAN REPUBLIC” 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, May 8th, 2025