Dear client,
We would like to inform you that BRP has updated its COUNTRY MANUAL PRIVATE BANKING for the following jurisdiction:
IVORY COAST 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
We can confirm that there have been no relevant regulatory changes since the last publication of this Country Manual.
Non-material changes
Some comments/conditions have been reworded and further non-material changes have been made throughout the documents.
Implications for business relations with third parties
There have been no substantial changes to the answers when a foreign bank co-operates with third parties. We have, however, taken the opportunity to provide further clarification of the provision of marketing material on the Bank’s banking and investment services, investment research, financial analysis and recommendation lists to a local EAM. We more clearly differentiate between the provision of such material and information for the attention of clients (i.e. in a B2C context) or for the EAM’s own professional purposes and interest (i.e. a B2B context).
Regulatory Summary
This document has now a more user-friendly layout and reflects the changes contained in the RT.
For more information, please contact us: info@brpsa.com
Best regards,