Country Manual Private Banking – Liechtenstein out of EEA – BRP Update 2024
BRP has updated its Country Manual Private Banking for Liechtenstein out of EEA – (Def, RS, BT & RT)
| Source of changes | Answers |
|---|---|
| Law / Regulation | Yes |
| New Position of the Authorities | No |
| Evolution of Expert’s Interpretation | No |
Regulatory Template, Regulatory Summary and Behaviour Template
Material changes
The relevant regulatory restrictions and conditions for cross-border services from an EEA country into Liechtenstein have been reviewed to ensure that the content of the documents remains accurate and in line with the evolving interpretation of the current legal and regulatory framework.
While no major material changes have occurred since the last update of the Manual, we have reworded and amended some restrictions in the Regulatory Template following an updated and amended list of of mandatory provisions following a recent amendment of the Liechtenstein Banking Act. The relevant list can be found in the Regulatory Summary.
Non-material changes
Some content has been reworded, without introducing material changes, to provide more clarity. Note that while there have been some amendments to the Banking Act, whereby some articles of the Banking Ordinance (Bankenverordnung) have been repealed, there is only a minor impact on the relevant conditions and restrictions for an EEA passporting its services to Liechtenstein.
For more information, please contact us: info@brpsa.com
Geneva, June 17th, 2024