Client Advisor Register – Changing Employer Made Easy According to Art. 41 para. 1 of the Financial Services Ordinance (FinSO), client advisors are required to notify the registration body of any change in the name or address of the financial service provider they represent. This notification must be made within 14 days. To simplify this […]
Client advisors who are registered in the Swiss Client Advisor Register in accordance with the Financial Services Act (FinSA) must renew their registration every 24 months. As part of the renewal process, client advisors must demonstrate that they have attended a refresher training on their knowledge of the FinSA code of conduct rules. From the […]
Client Advisors who are registered in the Client Advisor Register are subject to the legal reporting obligations pursuant to Art. 32 Financial Services Act (FinSA) and Art. 41 Financial Services Ordinance (FinSO). They must notify the Registration Office of the following changes within 14 days of their occurrence via an online application (change request) via […]
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 […]
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 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 […]
The new Swiss Financial Services Act (FIDLEG) and the Financial Services Ordinance (FIDLEV) are expected to enter into force on 1 January 2020 and will for the first time apply to international financial services providers that provide cross-border financial services from abroad for Swiss private, business and institutional clients. For the first time, the production […]
The FinSA and FinIA regulations will come into force at the beginning of 2020. A new era is dawning for independent asset managers. According to news by Finews.ch a company has recently developed an interdisciplinary training course for this purpose. Independent asset managers and other financial institutions operating in Switzerland must familiarise themselves with the […]
The financial services industry will receive some new regulations and requirements in 2020. For the first time, investment advisors must be entered in a client advisor directory. They will also be obliged to join an ombudsman. These and other changes are linked to the Financial Services Act in Switzerland. Photo created by: Freepik
