IBA Banking Law Committee Newsletter – Septembre 2018
Frédérique Bensahel, Jean-Marie Kiener
The new legislative package regarding the provision of financial services in Switzerland has finally been adopted and is expected to take effect on 1 January 2020. As anticipated, portfolio managers active in Switzerland must now prepare to be subject to a supervisory regime and comply with new regulatory duties. Nearly three years after the publication of the Federal Council’s position paper on the Financial Services Act (‘FinSA’) and the Financial Institutions Act (‘FinIA’), these acts were passed by the Swiss Parliament on 15 June 2018. Both laws, along with their enabling legislation, are expected to take effect on 1 January 2020.
The increase in proceedings for organisational failings calls for greater vigilance in the implementation of…
The Federal Council has opened a consultation on a preliminary draft revision of the Act…
Since the start of 2026, there have been three notable judgments concerning the tax treatment…
The tightening of anti-money laundering requirements is leading financial intermediaries to treat a lack of…