FDF approves additional Ombudsmen

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 requirements for the registration of client advisors in client advisor register of BX Swiss AG. The obligation to join an ombudsman’s office also applies to foreign financial service providers who provide cross-border services for Swiss clients or clients in Switzerland.