Country Manuals Independent Portfolio Manager/Advisor (EAM) for the following jurisdiction:
SAUDI ARABIA OUT OF COMPANY’S COUNTRY OF ESTABLISHMENT (Def, RS & BT)
Regulatory Summary
Material changes
The Country Manual has been reviewed to ensure that the content of all the documents remains accurate and up-to-date. We can confirm that there have not been any major changes since the last update of this manual. We have however reviewed and added more details based on an evolving interpretation of the regulatory framework following consultations with our local counsel.
Non-material changes
The documents have been reformatted onto the latest template (including forex exchange controls for example). Some comments have been reworded, additional references to applicable law/regulation have been made in order to provide more clarity and to reflect the current regulatory situation more accurately.
Behaviour Template
There are no changes.
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 EAM BT SHORT COMP” and “SAUDI ARABIA” 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.
Best regards,