Financial Services Regulation in Europe, 2nd edition, chapter 39 - Switzerland

Published: 10 October 2008
  • Summary of the relevant regulatory bodies and their powers in over 40 countries in Europe
  • Country by country consideration of the key regulatory issues
  • Quick research section in a Questions and Answers format
  • Full commentary cross-referenced from, and expanding on, the Questions and Answers section

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Insights

Insights – 12.06.2025

SEC resumes processing applications for Swiss investment advisers

SEC resumes processing applications for Swiss investment advisers

On June 10, 2025, the U.S. Securities and Exchange Commission (SEC) announced that it will resume processing applications for Swiss financial institutions seeking to operate as Registered Investment Advisers (RIAs) in the United States. This decision marks a significant shift after years of suspension. It is the result of recent discussions between FINMA and the SEC that aimed at aligning examination procedures with both Swiss and U.S. regulatory frameworks.

Insights – 26.05.2025

CMTA publishes its debt tokenization standard

CMTA publishes its debt tokenization standard

The Capital Markets and Technology Association (CMTA), a Geneva-based non-profit organization that develops standards for the use of distributed ledger technology in capital markets, has published a standard for the tokenization of debt instruments using distributed ledger technology. The document offers practical guidance on how debt instruments can be issued as ledger-based securities pursuant to Article 973d et seq. of the Swiss Code of Obligations. In particular, it provides direction on how debt securities issued by both Swiss and non-Swiss entities can be tokenized under Swiss law. The release of the standard comes at a time when tokenized securities are gaining traction in Switzerland, with FINMA having granted its first license for a DLT-based trading facility in March.
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