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Read more: Supervision of Portfolio Managers and Trustees
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…
Reference: CapLaw-2016-8