Country Manual Private Banking
Switzerland – Update 2024
BRP has updated its Country Manual Private Banking for Switzerland 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
Material changes
The Country Manual has been reviewed to ensure that the content of all documents remains accurate and up to date. We can confirm that there have been no major material changes or modifications of the relevant Swiss cross-border legislation since the last publication of this Country Manual.
Non-material changes
The documents have been reformatted onto the latest template. Some comments have been reworded to reflect the regulatory situation/current interpretation of the regulatory framework more accurately and/or more in detail, and content has been streamlined, among other things to harmonise the approach of the Country Manuals PB and Credits Switzerland out of a third country.
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 “SWITZERLAND” in the Target Country Field.
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
Geneva, November 29th, 2024