Implementation of FinSA and FinIA
As of 1 January 2020, asset managers and financial intermediaries in Switzerland will be subject to supervision for the first time and from this date new licensing requirements and supervisory regulations will apply:
- Duty to classify the clients
- Duties of conduct and duty to best execution
- Appropriateness and suitability check if providing asset management services respectively investment advisory services
- Increases duties of transparency and accountability
- Obligation to issue key information documents on services and products offered to clients
- Obligation to enter client advisers in the register of client advisers
- Registration to an ombudsman's office until 30 June 2020
fimPlatform supports its clients in complying with the new regulations, prepares the necessary documentation, makes the registrations and obtains all permits.