The Financial Services Act (FinSA) stipulates which client advisors are subject to the duty to register in the client advisor register (Art. 28 FinSA). Furthermore, it defines the term client advisor and assumes a natural person (Art. 3 lit. e FinSA). However, the law does not provide an explicit answer to the question of who […]
The time will come soon when the first client advisors will have to renew their initial entry in the Client Advisor Register. Below we briefly inform you about the most important requirements and deadlines in this regard. According to Art. 41 para. 2 of the Financial Services Ordinance (FinSO), the registration in the Client Advisor […]
On 1 January 2022, the adapted list of fees of the Registration Office of BX Swiss AG will enter into force. Number 2.12 (electronic applications) and 2.13 (physical applications) have been added to the list of fees, which set out the fees for the renewal of entries in the Client Advisor Register in accordance with Art. […]
The FinTech platform FinFinder.ch has implemented a technical integration solution. Client advisors who are entered in the BX Swiss advisor register at regservices.ch can now refer directly to their BX register entry in their advisor profile on FinFinder.ch. This makes it easy for clients to see if an advisor has the additional quality feature of […]
According to today’s media release by the Swiss Financial Market Supervisory Authority FINMA, random checks regarding compliance with the registration obligation are to be expected in the coming months. FINMA will check whether financial service providers and their client advisors have complied with the registration obligation under FinSA. FINMA explicitly points out that a breach […]
The entry in the FinSA advisor register is a sought-after quality feature. For this reason, BX Swiss is now making QR codes available to client advisors registered with it via its regservices.ch platform. The QR code leads directly to the individual entry in the advisor register without any further search. The QR code can be […]
The new DLT Ordinance is expected to enter into force on 1 August 2021, which will also have an impact on the registration obligation of client advisors of Swiss representative offices of foreign financial service providers. In this context, the registration offices have amended or clarified the answer to question 14 of the FAQ on the […]
As of today, BX Swiss is making FAQs available to help answer frequently asked questions about the obligation to register in the client advisor register: FAQ on the duty to register (official English version) FAQ zur Eintragungspflicht (German translation) The FAQs have been jointly prepared by the FinSA registration offices. FINMA has taken note of the English […]
In order to ensure the smoothest possible entry into the Swiss client advisor register, BX Swiss is constantly introducing new payment methods; the last time at the beginning of October with the support of the Swiss payment solution TWINT, which is already being used extensively. We are pleased to announce that as of today we […]
The Federal Department of Finance (FDF) announced today that it has approved the following ombudsman offices for financial service providers: Association Financial Services Ombudsman (FINSOM) Swiss Chambers’ Arbitration Institution (SCAI) Terraxis SA Further information on the individual ombudsman offices can be found on our website. The connection to an ombudsman’s office is one of the […]
