Hungary out of EEA – CM PB

2024, Cross-border, Update

Country Manual Private Banking – Hungary out of EEA BRP Update 2024

BRP has updated its Country Manual Private Banking for Hungary out of EEA – (Def, RS, BT & RT)

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

Regulatory Template, Regulatory Summary and Behavior Template

Material changes

The relevant regulatory restrictions and conditions for cross-border services from an EEA country into Hungary 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 general good provisions published by the Hungarian National Bank. 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.

For more information, please contact us:

Geneva, May 24th, 2024