Description
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The bookSwitzerland has undertaken a major overhaul of its financial market legislation by establishing the new Financial Services Act (FINSA) and the Financial Institution Act (FINIA) intended to expand the country's attractiveness as a financial center for an international clientele looking for financial expertise, political and economic stability combined with reliable supervision and a legal system at the service of both individual investors and institutions. Both acts came into force on 1 January 2020.This practical guide gives a brief but comprehensive overview on the newly enacted laws and the related ordinances. It highlights crucial points of interest for market participants including the new rules on organization of financial services providers, business conduct, products and the scope of regulated activities, further complemented by a practitioners' checklist along the business cycle, practical comments plus explanatory charts and graphics for business users. English speakers will appreciate the complete translation of the FINSA, FINIA and the related ordinances for reference. In addition, the guide discusses international aspects in a practice-oriented way. It addresses market access into the EU and other countries for financial services providers based in Switzerland and market access for foreign based financial services providers into Switzerland.Advantages at a glance- Introduction to Swiss Financial Law, including international aspects- Overview Finsa and Finso- Overview Finia and Finio- Checklist for practitionersThe target group
