One service that is particularly valued by clients is the publications we produce in different languages: clear, understandable articles and reports, and in-depth guides to specific legislation. Please find here our latest Lenz & Staehelin newsletters:
Update on the new Swiss legislation on financial services and financial institutions
The purpose of this Newsflash is to provide 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 Council of States, the first chamber of the Swiss Parliament, approved the two new acts at the end of 2016, the Commission on Financial Affairs of the National Council started deliberating the draft legislation and, on June 20, 2017, the Commission substantially finished its deliberation on the draft FFSA and FAFI. The Commission on Financial Affairs of the National Council will finalize the deliberation process and proceed with the votes on these two pieces of legislation on August 14 and 15, 2017.