Country Manual Credits – Cayman Islands – BRP Update 2024
BRP has updated its Country Manual Credits for Cayman Islands out of bank’s country of establishment (DEF, BT and RT)
| Source of changes | Answers |
|---|---|
| Law / Regulation | No |
| New Position of the Authorities | No |
| Evolution of Expert’s Interpretation | No |
Regulatory Template
Material changes
The Country Manual has been reviewed to ensure that the content of all documents remains accurate and in line with the evolving interpretation of the current legal and regulatory framework. We can confirm that there have been no relevant legal or regulatory changes in the Cayman Islands since the last update of the manual.
Non-material changes
Some content has been reworded, without introducing material changes to provide more clarity.
Behaviour Template
The answers in the BT are aligned to those contained in the RT.
Definition and Concepts
The document Definitions and Concepts now includes a Concordance Table. This Table is designed to help the users of the Country Manual Credits easily recognize existing or potential interactions between the rules of different types of credits.
For more information, please contact us: info@brpsa.com
Geneva, April 9th 2024