A quick and handy guide to managing non-retail pooled funds in Switzerland, including available vehicles, authorisation, tax treatment and reporting requirements.
A look at some of the essential considerations for retail fund management in Switzerland, including available vehicles, authorisation, tax treatment and reporting requirements.
This article looks at some of the key aspects of fund management regulation in Switzerland, including key legislation, regulatory authorities and authorisation requirements.
Laurent Ramsey has been a managing partner of the Pictet Group since 2016. He has co-headed Pictet Asset Management since April 2019, having been solely responsible for the group’s institutional arm between 2016 and 2019. Laurent holds a master’s degree in international management and a degree in business administration from HEC Lausanne School of Business and Economics. He also serves as vice-president of the Geneva Financial Centre and is a board member of the Swiss Funds & Asset Management Association,
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.