FinSA (FIDLEG)
Regulatory Frameworks under the Financial Services Act.
-
Read more: The Reviewing Body – a New Element in the Prospectus Law according to the Federal Financial Services Act (FinSA)
The Reviewing Body – a New Element in the Prospectus Law according to the Federal Financial Services Act (FinSA)
The Draft Federal Financial Services Act (FinSA) provides for uniform rules for the requirement to publish a prospectus for all public securities offerings and for the admission of securities to trading on a trading venue. A central element of the new regulations is the requirement for a mandatory check of the prospectus by a reviewing…
Reference: CapLaw-2016-2 -
Read more: Regulation of the Point of Sale – An Update on the Rules of Conduct of Financial Services Providers under the proposed FIDLEG
Regulation of the Point of Sale – An Update on the Rules of Conduct of Financial Services Providers under the proposed FIDLEG
On 4 November 2015 the Swiss Federal Council has published the Message (Botschaft) on the Financial Services Act (Finanzdienstleistungsgesetz, FIDLEG). In the industry, it has been expected with great excitement and interest, as it will have a major impact, inter alia, on how financial services and products may be offered and sold to clients. Also,…
Reference: CapLaw-2016-3 -
Read more: Draft Financial Services Act to Expand Clients’ Enforcement Rights vis-à-vis Financial Services Providers, Leaves Key Questions Unaddressed
Draft Financial Services Act to Expand Clients’ Enforcement Rights vis-à-vis Financial Services Providers, Leaves Key Questions Unaddressed
While the draft Financial Services Act (FinSA) primarily has a regulatory purpose, it also contains provisions set to effect the private law relationship between providers of financial services and clients. The proposed measures include a claimant-friendly rule regarding the allocation of costs in litigation proceedings, stricter requirements for financial services providers regarding documentation, information and…
Reference: CapLaw-2016-4 -
Read more: A Key Information Document Helps to Turn Retail Clients into Mature Investors
A Key Information Document Helps to Turn Retail Clients into Mature Investors
On 4 November 2015 the Swiss government published the dispatch on the Financial Services Act (FinSA). In line with international standards, the FinSA will introduce an obligation for financial service providers to make a key information document available to retail clients, when offering them financial instruments. According to the dispatch, the aim of the proposed…
Reference: CapLaw-2016-5 -
Read more: FinSA Business Conduct Rules and MiFID II
FinSA Business Conduct Rules and MiFID II
European legislation as well as other international standards increasingly influence Swiss financial market regulation; the new Financial Services Act (FinSA) is the direct consequence. As expected, the Swiss legislator tailored the new business conduct rules towards the EU directive. The remaining questions, however, lie in the interpretation, application, and development of the new provisions by…
Reference: CapLaw-2016-6