Country Manual Private Banking
Luxembourg
BRP has updated its Country Manual Private Banking for
Luxembourg 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
The documents have been reviewed after consultation with our local counsel, and we can confirm that there have been no relevant regulatory changes since the last publication of this Country Manual.
Please note that with the adoption of the new banking package at the European level, notably with the entry into force of the new Capital Requirements Directive (“CRD VI”), changes to Luxembourg’s banking regulatory framework are expected around the end of 2026. For more details, please refer to our BRP Alert Luxembourg 1/2024.
Non-material changes
Some minor content has been reworded, for more clarity, without introducing any material changes.
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 “LUXEMBOURG” 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, March 20th, 2025