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 […]
The Swiss Financial Market Supervisory Authority FINMA has granted BX Swiss AG approval as Registration Office to maintain the Swiss register of advisors in accordance with Article 31 of the Financial Services Act (FinSA). Approval will take effect on 20 July 2020, the date from which registered applicants will be able to submit applications for entry in […]
From distributor to client adviser: How does the FinSA change fund distribution in Switzerland? Mr. Alder, a year ago you gave a first interview on the topic of “From distributor to client adviser: How does the FinSA change fund distribution in Switzerland” (link to the interview in German of April 3, 2019). Where do we […]
The Financial Services Act FinSA and the Financial Services Ordinance FinSO came into force on 1 January 2020. It still remains open when the first registration office within the meaning of Art. 31 FinSA will be approved by the Swiss Financial Market Supervisory Authority FINMA. As previously announced, BX Swiss AG has submitted an application […]
The Federal Department of Finance (FDF) today announced that FinSA and FinIA will enter into force definitively on 1 January 2020. The Federal Council took note of the outcome of the consultation procedure at its meeting today and adopted the final texts of the Financial Services Ordinance (FinSO), Financial Institutions Ordinance (FinIO) and the Supervisory […]
