Estonia out of EEA – CM P

2025, Cross-border, Update

Country Manual Products

Estonia out of EEA

out of Bank’s Country of Establishment (Def, RO & BT)

Source of changesAnswers
Law / RegulationYes
New Position of the AuthoritiesNo
Evolution of Expert’s InterpretationNo

Definitions and Concepts, Regulatory Overview and Behaviour Template

The Country Manual has been reviewed to ensure that the content of all the documents remain accurate and up to date.

Regulatory changes

Please note that the threshold for the private placement exemption under the Securities Market Act of 17 October 2001, as amended, has been increased. Specifically, the obligation to publish a prospectus for public offerings of securities no longer applies where the total consideration of the offer is less than EUR 8,000,000, calculated over a 12-month period, within the European Economic Area (EEA).

Non-material changes

Some comments and content have been slightly reworded in the CM, without introducing substantive changes to reflect the regulatory situation/current interpretation of the regulatory framework more accurately.

 

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Geneva, September 30th, 2025