Body
RegTech is composed of the words “regulatory” and “technology”. It is a collective term for the application of modern technologies, to get the increasing regulation in the banking- and financial sector under control both from an IT and a legal standpoint.
Introduction
Attitude of the country towards RegTech-services
This is not a regulated activity.
Legal affairs
Obligations and requirements to provide RegTech-services
N/A.
Additional comments regarding the legal situation for RegTech-services or what RegTech’s must be aware of in this business area
N/A.
Economic conditions
Market size for RegTech-services and biggest companies in this business area
This kind of services is provided by different third-party companies including law firms.
Additional comments regarding the economic situation for RegTech-services or what RegTech’s must be aware of in this business area
N/A.