January 2017

The purpose of this Newsflash is to provide for an update on the proposed new Swiss legislation on financial services and the supervision of financial institutions. This new legislation will be embodied in the Swiss Federal Financial Services Act (“FFSA”) and the Swiss Federal Act on Financial Institutions (“FAFI”). After the debates in the Council of States as first chamber of the Swiss Parliament to approve the two new acts, the draft FFSA and FAFI will be analysed by the Commission on Financial Affairs of the National Council on January 23, 2017.