November 2019

On November 6, 2019, the Swiss Federal Finance Department published the final versions of the implementing ordinances of the Swiss Federal Financial Services Act and of the Swiss Federal Financial Institutions Act. At the same time, the Swiss Federal Council decided that the new legislation will enter into force on January 1, 2020, subject to a wide range of transitional periods. This newsflash discusses key features of the implementing ordinances and the various transitional periods.