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 […]
The Federal Department of Finance (FDF) today published important information with respect to expected amendments in the ordinances. It explains the adjustments made in the consultation process and the corresponding resolutions. The following information is available on the FDF website: FDF Communication Significant changes to FIDLEV, FINIV, AOV (only in German and French) Below we […]
Soon certain client advisors operating in Switzerland will be legally obliged to be entered in an advisor register. Some challenges need to be addressed soon as it needs to be ensured that a great number of client advisors can be entered into the register of advisors efficiently and cost-effectively once the Swiss Financial Services Act […]
The Financial Services Act (FIDLEG) is expected to enter into force on 1 January 2020. As the implementing provisions are now known – the consultation procedure lasted until 6 February 2019 and the most important consultation submissions are known – it is now a good time to carry out a comprehensive assessment in order to […]
As a self-regulating Swiss stock exchange, the BX Swiss is currently responsible for examining prospectuses for transactions requiring a prospectus for companies listed on the BX or for those wishing to list their financial products on the BX Swiss. Due to the practical experience and the direct connection to the existing business area of the […]
