FinIA (FINIG)

Regulatory Insights on the Swiss Financial Services Act.

  • Something Old, Something New: The Supervision of Financial Intermediaries under the Draft Federal Act on Financial Institutions

    On 4 November 2015, the Federal Council published a Bill to parliament for a Financial Services Act (FinSA) and a Financial Institutions Act (FinIA). As expected, the FinIA proposes to revise the regulatory architecture for financial institutions. Instead of the current sectorial approach, the FinIA proposes to introduce a regulatory pyramid with a light regulatory…

    By

    Rashid Bahar

    Reference:
    Read more: Something Old, Something New: The Supervision of Financial Intermediaries under the Draft Federal Act on Financial Institutions
  • Supervision of Portfolio Managers and Trustees

    Under current Swiss law, portfolio managers, which are not acting as asset managers for collective investment schemes, and trustees are not subject to a comprehensive prudential supervision. Portfolio managers and trustees are only required to register with a self-regulatory organization in order to comply with Swiss anti-money laundering laws. Other financial services providers, most notably…

    By

    Patrick Schleiffer

    /

    Patrick Schärli

    Reference:
    Read more: Supervision of Portfolio Managers and Trustees