Name
Global FinTech Guide
Country Name
Romania
SectionTitle
Asset and portfolio management
Body
FinTechs belonging to this category offer asset and portfolio management services via an internet platform or software programs and usually manage and dispose of the assets of their customers long or short term according to their specifications without actually holding the property or the possession of those assets. FinTechs, which provide information about and access to overnight or time deposit accounts at national and foreign banks and which execute the transactions to these accounts, also belong to this category. Some FinTechs however only act on request of the customer.

Aside from that some FinTechs offer software or internet solutions enabling users to manage and plan their personal finances on their own by providing graphics, overviews and compilations of their financial data and sometimes indicating financial risks or opportunities, but without actually managing the assets.

Introduction

Attitude of the country towards modern asset and portfolio management services

Information not available for this topic

Legal affairs

Obligations and requirements to provide asset and portfolio management, or ancillary services described above

Information not available for this topic

Additional comments regarding the legal situation for asset and portfolio management services or what FinTech’s must be aware of in this business area

Information not available for this topic

Economic conditions

Market size for asset and portfolio management services and biggest companies in this business area

Information not available for this topic

Additional comments regarding the economic situation for asset and portfolio management services or what FinTech’s must be aware of in this business area

Information not available for this topic

Authors

Disclaimer

© 2022, Tuca Zbârcea Asociatii. All rights reserved by Tuca Zbârcea Asociatii as author and the owner of the copyright in this chapter. Tuca Zbârcea Asociatii has granted to Multilaw non-exclusive worldwide license to use and include this chapter in this guide and to sublicense Lexis Nexis, a division of RELX Inc. and its affiliates certain rights to use and distribute this guide.

The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.

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