FinSA to provide enhanced investor protection


The Swiss Federal Council's Message on the forthcoming Financial Services Act (FinSA) published in November 2015 will require Swiss financial service providers to comply with a number of significant requirements. According to this Message, the main aspects of the FinSA are the creation of a level playing field for all Swiss financial service providers and the improvement of investor protection.


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Moreover, the FinSA is expected to provide a legal base which is equivalent to the international rules dealing with similar topics. This is as much to safekeep the reputation of Switzerland as a financial center as it is a prerequisite for market access across borders. However, for most financial service providers the new FinSA requirements and duties will bring an implementation effort with it that should not be underestimated.

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