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:
Revised FINMA Circular on Outsourcing Banks and Insurers
The purpose of this Newsflash is to highlight the revised FINMA circular on outsourcing for banks and securities dealers, which is being extended to insurance companies. The revised Circular introduces new requirements and a few reliefs for the supervised financial institutions when outsourcing material functions to intra-group or external service providers.
The new regime will enter into force on 1 April 2018.