Country Manuals Credits –
Dear client,
BRP SA is glad to announce the publication of its latest COUNTRY MANUAL PRODUCTS:
> ICELAND (OUT OF EEA)
Regulatory Overview, Definitions & Concepts, and Behaviour Template
The COUNTRY MANUAL PRODUCTS ICELAND (OUT OF EEA) assumes that investment services/financial products are provided in accordance with the EEA service provider’s license to carry on business in another EEA Member State under the European passport regime.
Regulatory Overview
The Regulatory Overview reflects the underlying principles of the freedom to provide services, including principles such as the home country rules and mutual recognition. It further explains the concept of general good provisions which must be observed by service providers having passported their license into another EEA Member State (the so-called host country) in addition to the service provider’s home country rules and mentions international private law rules which are of relevance for the cross-border distribution of financial products from an EEA Member State into Iceland.
Definitions & Concepts and Behaviour Template
The Definitions & Concepts document still contains the important concepts and definitions specific to Iceland while the Behaviour Template reflects the principles set out in the Regulatory Overview. The structure of the Behavior Template, however, has not been changed.
For more information, please contact us: info@brpsa.com
Best regards,