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New regulatory development for asset managers of Swiss pension funds
This note summarizes a recent regulatory development which affects unregulated Swiss-based asset managers intending to manage, or to continue to manage, assets of Swiss pension funds after 1 January 2014. These external asset managers must register with the Swiss Supervisory Commission for Pension Funds before 31 August 2013. This registration requirement does not apply to asset managers based outside of Switzerland and subject to an official supervision in their home jurisdiction.