Country Manual Private Banking
Poland out of EEA – Update 2024
BRP has updated its Country Manual Private Banking for Poland out of EEA – (Def, RS, BT & RT)
| Source of changes | Answers |
|---|---|
| Law / Regulation | No |
| New Position of the Authorities | No |
| Evolution of Expert’s Interpretation | Yes |
Regulatory Template, Regulatory Summary and Behaviour Template
The relevant regulatory restrictions and conditions for cross-border services from an EEA country into Poland have been reviewed to ensure that the content of the documents remains accurate and in line with the evolving interpretation of the current legal and regulatory framework. The following material changes have occurred since the last update of the Manual.
Material changes
Local experts have specified:
That the passported bank is liable for damage resulting from outsourcing and terms of an outsourcing agreement regulating such liability.
The conditions and deadlines applying to a request of the client to provide hin/her with a written explanation concerning the performed assessment of the client’s creditworthiness;
That the use of telecommunications terminal equipment and automated calling systems for direct marketing or sending unsolicited commercial information is forbidden, unless a subscriber or an end user has given prior consent to do so;
For more information, please contact us: info@brpsa.com
Geneva, August 26th, 2024