September 2017

Please find enclosed our latest NewsFlash in relation to the amendment by FINMA, on September 1, 2017, of its circular "Public deposits with non-banks".

A consultation procedure is open until October 16, 2017. The amendment of the circular follows the entry into force on August 1, 2017 of the modification of the Banking Ordinance (“BO”) relating to financial technology (“FinTech”).