A new financial market law architecture is in force in Switzerland since the 1st of January, 2020. This new architecture introduces various major changes in the Swiss framework, and in particular, it aims at providing a regulatory framework compliant with the framework applicable in the EU Single Market.
This new financial market law architecture is principally based on the new Financial Services Act (FinSA) and the Financial Services Act (FinIA), as well as a revision of the Federal Act on Collective Investment Schemes (CISA).
These acts provide with a 24-month grandfathering period, starting the 1st of January 2020 and terminating the 31 of December 2021; transitory measures are provided, including a six-month period applying to certain measures from their entry into force.
Important measures have been taken during the summer and the related six-month period will end in January 2021: those measures will then be in force, which, in reality, may be considered as a real starting point for this new financial market law framework.
The new edition of the FundGlobam Swiss fact file provides an up-to-date comprehensive understanding of this new framework, together with a comprehensive description of the new regulations, the related procedures, the practicalities and the appropriate experience on all matters in relation to the cross-border marketing of foreign funds in Switzerland.
The FundGlobam fact file edition today cover more than 80 juridictions across the globe.
We will be happy to assist you in relation to the Swiss market should you require any further information.