October 2018

On June 15, 2018, the Swiss Parliament has concluded its deliberations on the new Swiss Federal Financial Services Act ("FinSA") as well as of the Swiss Federal Act on Financial Institutions ("FinIA") and has passed these two new acts. The Swiss Federal Finance Department ("FFD") has now published for consultation the drafts of the implementing ordinances to the FinSA and FinIA, containing key provisions on the implementation of this new legislation. The consultation period will end on February 6, 2019.