Consultation on the Proposed Financial Services Act and Financial Institutions Act – a Remodeling of the Swiss Financial Market Legislation
In June 2014 the Swiss Federal Council submitted preliminary drafts for a Financial Services Act (FSA) and a Financial Institutions Act (FIA) for consultation until mid-October. The key legislative proposals include stronger client protection in asset management and a prudential supervision regime for asset managers. In addition, a new prospectus regime allows for stronger regulation of the primary market. This newsletter provides an overview of the legislative proposals; we will publish shortly further newsletters on selected topics.
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