Name
Global FinTech Guide
Country Name
Uruguay
SectionTitle
RegTech and compliance management
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

No reservations, but RegTech-services are almost non-existent in our jurisdiction. 

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

Depending on the scope of the regulatory services being rendered through the online platform, if the entity hiring such services is under the control of the CBU, the regulations related to outsourcing referred to under i) Legal issues 2. above may apply.

Economic conditions

Market size for RegTech-services and biggest companies in this business area

N/A   

Additional comments regarding the economic situation for RegTech-services or what RegTech’s must be aware of in this business area

N/A 

Authors

NameOrganisationEmail
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Disclaimer

© 2022, (Erased). All rights reserved by (Erased) as author and the owner of the copyright in this chapter. (Erased) 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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