Country Manuals Credits –
We would like to inform you that BRP has updated its COUNTRY MANUALS CREDITS for the following jurisdictions:
ITALY LPS OUT OF CREDIT INSTITUTION’S COUNTRY OF ESTABLISHMENT (RT, BT & Def)
|SOURCE OF CHANGES||ANSWERS|
|New Position of the Authorities||No|
|Evolution of Expert’s interpretation||No|
We have reviewed the documents following consultations with our local counsel. We can confirm that there have been no relevant regulatory changes since the last publication of this Country Manual.
Several comments have been slightly reworded (without introducing material changes) to reflect the regulatory situation/current interpretation of the regulatory framework more accurately.
The answers in the BT have been aligned to those contained in the RT.
Definitions and Concepts
The document Definitions and Concepts includes a Concordance Table. This Table is designed to help the users of the Country Manual Credits easily recognize existing or potential interactions between the rules of different types of credits.
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