Country Manuals Private Banking
ROMANIA OUT OF THE BANK’S COUNTRY OF ESTABLISHMENT (Def, RS, BT & RT)
Regulatory Summary, Regulatory Template and Behaviour Template
Material changes
The Country Manual has been reviewed to ensure that the content of all the documents remains accurate and up-to-date. There have not been any relevant material changes in legislation and regulatory practice in Romania since the last update of this manual.
Non-material changes
The documents have been reformatted onto the latest template. Some comments have been reworded and additional references to applicable law/regulation have been made in order to provide more clarity and to reflect the current regulatory situation more accurately.
BT Short Comparison
BRP has created a comparison document allowing 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 “ROMANIA” 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.