Romania – CM PB

Country Manual Private Banking

Romania

out of Bank’s Country of Establishment (Def, RS, BT & RT)

Regulatory Template, Regulatory Summary and Behaviour Template

Material changes

There are no relevant material changes to be reported since the last update.

However, local counsel has specified that actively collecting client-identifying data (copy of passport, KYC) or other administrative onboarding activities should be tolerated also (occasionally) on Romanian territory, as long as the collection/reception of such supporting documentation is performed in the context of a business relationship established (or to be established) in accordance with Romanian cross-border rules and that said data is necessary for the performance of the underlying financial service.

Non-material changes

Some answers, in particular in the chapter “business relationships with third parties” have been amended to provide more detail. Also, further non-material changes have been made throughout the documents.

BT Short Comparison

This document allows 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.

For more information, please contact us: info@brpsa.com

Geneva, July 15^th, 2025