May 2019

On 15 June 2018, the Swiss Parliament adopted the new Swiss Financial Institutions Act ("FinIA"or the "Act") and the new Swiss Financial Services Act ("FinSA"). The new legislation which is expected to enter into force on 1 January 2020, will have a significant impact on Swiss and foreign trustees active in Switzerland. This newsflash summarizes certain key points of the new legislation that will affect trustees.