Switzerland is one of the hardest hit countries by the novel COVID-19. Being a popular tourist destination, the state was hugely exposed to this contagion through visitors from all over the world. Whether the government did a plausible job to protect its economy or not, is not so hard to see if you look closely.
The web-based survey and application platform EHP is now accessible to supervised institutions and their audit firms, as well as supervisory organisations. They can now leverage the platform to submit encrypted supervisory data and authorisation applications to FINMA online. The use of this website is free of charge.
From January 1, 2020. The Swiss Financial Institutions Act (FinIA) and the Swiss Financial Services Act (FinSA) entered into force, updating the regulatory regime for trustees working in Switzerland. This means that all independent portfolio managers (PMs) and trustees subject to supervision under FinIA will have to be supervised by a Supervised organisations (SO) authorised by FINMA and get licensed by FINMA before they can be able to carry out their activities as financial intermediaries in Switzerland.
The new year, 2020 has brought with it a raft of new laws and changes in Switzerland.
Dear Clients,
With these few lines, we request your precious time to remind you of the main legislative changes that await us from January 2020 moving forward.
Dear Clients,
With these few lines, we request your precious time to remind you of the main legislative
changes that await us from January 2020.
Accounting principles for virtual currencies in Switzerland, regarding the blockchain technology, categories of tokens and the incorporation of companies using cryptocurrencies as capital contributions.
The new laws, FinSA and FinIA, regarding financial intermediaries in Switzerland will come into force during 2019-2020. Changes included in the new laws will mainly affect independent asset managers and trustees, but auditing requirements will also be more simplified for certain types of companies.
The best reasons why you should consider launching a startup company in Switzerland: easy access to excellent talent recruited from prestigious local universities, favorable business environment for all types of companies, important business network opportunities and startup hubs developed in Switzerland.
Financial market legislation for ICO in Switzerland - guidelines published by Swiss Financial Market Supervisory Authority (FINMA). Find out the principles that will guide Initial Coin Offerings in Switzerland! Get support from the experts!
