Dear client,
We would like to inform you that BRP has updated its COUNTRY MANUAL PRIVATE BANKING for the following jurisdiction:
NETHERLANDS 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
Material changes
We can confirm that there have been no relevant regulatory changes since the last publication of this Country Manual.
Non-material changes
There have been no non-material changes.
Implications for business relations with third parties
With respect to the provision of documentation to the EAM (such as documentation on the Bank’s banking and investment services, investment research and financial analysis or recommendation lists), our Country Manual now distinguishes between the provision to the EAM for remittance to the end client on one hand (B2C) and the provision to the EAM for the EAM’s own professional purposes on the other hand (B2B). The answers have been amended accordingly.
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,