Latest Breaking News On - Cross border provision - Page 1 : comparemela.com

Cross-border distribution of funds to investors in Switzerland continues to be subject to debate and, unfortunately, uncertainty. Even though for the time being, it remains unclear whether every fund offering automatically qualifies as a financial service under Swiss law or not, the latest decision of the Swiss Parliament to introduce alleviations to the strict requirement for financial service providers to be affiliated with an ombudsman (the Ombudsman) shows a tendency into the right direction, which is to avoid unnecessary overregulation. The aim of this article is to address the following two questions: first, is a cross-border fund offering in any case a financial service in the sense of the new Swiss Financial Services Act (FinSA), and, second, should this be the case, what Swiss law regulatory requirements would such an offering have to comply with.

Homburger zurichSwiss national council nationalratSwiss financial services ordinance finProvision of financial servicesSwiss funds asset management associationSwiss council of statesSwiss council of states stSwiss financial services act finSwiss financial market supervisory authoritySwiss parliamentSwiss federal banking commissionSwiss federal councilSwiss federal fundStock exchange actSwiss financial services actSwiss collective investment schemes act