Country Manuals Credits –
We would like to inform you that BRP has updated its COUNTRY MANUALS CREDITS:
> KUWAIT OUT OF CREDIT INSTITUTION’S COUNTRY OF ESTABLISHMENT (RT, BT & Def)
| SOURCE OF CHANGES | ANSWERS |
| Law/Regulation | No |
| New Position of the Authorities | No |
| Evolution of Expert’s interpretation | No |
Regulatory Template
Material changes
The Country Manual has been updated to the new format and entirely reviewed to ensure that the content of the document remains accurate and in line with the evolving interpretation of the current legal and regulatory framework.
Non-material changes
> Several comments have been slightly reworded (without introducing material changes) to reflect the regulatory situation/current interpretation of the regulatory framework more accurately.
> For streamlining purposes, several BT conditions have been reworded without introducing material.
Behaviour Template
The answers in the BT have been aligned to those contained in the RT.
Definitions and Concepts
The document Definitions and Concepts now 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.
For more information, please contact us: info@brpsa.com
Best regards,