Dear client,
We would like to inform you that BRP has updated its COUNTRY MANUAL PRIVATE BANKING for the following jurisdiction:
UZBEKISTAN 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
We can confirm that there have been no relevant regulatory changes since the last publication of this Country Manual. We have reviewed the list of relevant regulatory provisions under local law.
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.
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 “UZBEKISTAN” in the Target Country Field.
ntry 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.
For more information, please contact us: info@brpsa.com
Best regards,