30 October 2020:
Period to be entered in a register of advisers (important for distributors and independent financial advisors)
Pursuant to Article 28, Paragraph 1 FinSA, client advisers of Swiss financial service providers not subject to financial market supervision as well as client advisers of foreign financial service providers may carry out their activity only if they are entered in a register of advisers by 19 January 2021. The list of registration bodies licensed by FINMA can be found on the FINMA website.
Period to affiliate to an ombudsman’s office (mandatory for asset managers)
Pursuant to the FinSA, asset managers must affiliate to an ombudsman’s office within six months after the first ombudsman’s office’s authorisation. The period to affiliate ends on 24 December 2020.
The list of ombudsmen recognised by the Federal Finance Department can be found here:
In case of any question, do not hesitate to contact your local contact.
6 February 2020:
The Financial Services Act (FinSA) and the Financial Institutions Act (FinIA) and its associated ordinances (FinSO and FinIO) became effective on January 1, 2020.
Please find attached our informations about the impact of these new requirements and our way to support you in this matter.
Informations FinSA/FinIA January 2020
8 November 2018:
The consultation on the ordinances to the Financial Services Act (FinSA) and the Financial Institutions Act (FinIA) were published on 24 October 2018. We have listed the main implementing provisions for FinSA / FinIA newly included in the current consultation draft in this overview. Please do not hesitate to contact us for any questions relating to FinSA and FinIA.
20 September 2018:
Our new website is online! Do you like it? We are looking forward to receiving your comments and feedback!
24 October 2018:
The Swiss Federal Council is expected to publish its ordinance on FinSA and FinIA on 24 October 2018. We eagerly await the ordinance and will summarise its key points in the news section of this website.