Country Manual Private Banking
Finland
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 | Yes |
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 Finnish cross-border framework have been reported by local experts.
It has been clarified that the collection/replacement of supporting documentation is tolerated both actively and upon request, (occasionally) onsite and via remote means of communication, provided such activity is performed within the context of an existing or beginning relationship established in accordance with Finnish cross-border rules, and that the documentation is necessary to deliver the underlying service.
Non-material changes
Some answers, in particular in the chapter “business relationships with third parties”, have been amended to provide more detail. Also, non-material changes have been made throughout the documents including the legal bases.
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 “FINLAND” 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, July 22nd, 2025