Deadline Fast Approaching: Ensure The Distribution Of Your Fund Is Finsa-Compliant

      The Swiss Financial Services Act (FinSA) came into force on 1 January 2020 and as a result, it changed the regulatory requirements concerned with offering investment funds

      The Swiss Financial Services Act (FinSA) came into force on 1 January, 2020 and as a result, it changed the regulatory requirements concerned with offering investment funds to Swiss investors. The expanded requirements now include the following:

      HOW TO ENSURE THE DISTRIBUTION OF YOUR FUND IS FINSA-COMPLIANT

      The Swiss Financial Services Act (FinSA) came into force on 1 January, 2020 and as a result, it changed the regulatory requirements concerned with offering investment funds to Swiss investors. The expanded requirements now include the following:

      • affiliation to an ombudsman;
      • registration of client advisors;
      • professional insurance requirements;
      • new organizational rules;
      • new conduct rules; and
      • a new classification of investors
      DEADLINES

      Ombudsman:
      Dec 24, 2020

      Registration of client advisors: Jan 19, 2021

      Full FinSA compliance:
      Dec 31, 2021

      The obligations that apply to each provider will depend on the type of product being offered and one should note that there is a transition period with different deadlines to allow all financial service providers to be fully compliant with the new rules and regulations.

      Oligo provides clients with a comprehensive solution package to ensure full compliance with FinSA.
       
      READ MORE ABOUT OUR COMPREHENSIVE FINSA SOLUTION

       

      FINSA WORKSHOP WEBINAR

      Please join us for our FinSA workshop hosted by Matteo Risoldi, who will take you through the various steps of FinSA compliance together with answering some of the most commonly raised questions currently being seen from our clients and friends.

      WHEN: 17 November 2020
      TIME: 10am Eastern/3pm London/4pm Swiss

      WEBINAR: REGISTER NOW  

      For more details and to find out how we can assist you with your FinSA solutions please contact your usual DMS representative or Luis and Matteo below:

      Previous post Next post
      Share

      More like this

      THE IMPACT OF COVID-19 ON THE AVIATION INDUSTRY

      Frank Dowling and Niall McNamara update us on the current state of the aviation industry as a result of the…
      Read more

      Irish Fund Management Companies: Time to Get Serious About Substance & Oversight

      This is the second in a series of 4 Articles from the DMS Client Solutions Team, bringing you their unique…
      Read more

      Who Is Required To Undertake Cayman AML Training?

      Supervisors, managers and senior management (including Directors) of Financial Service Providers (“FSPs”) (including Funds and SIBL-Registered Persons) operating in the…
      Read more

      Cayman Islands Department for International Tax Cooperation: DITC Portal To Reopen

      The Cayman Islands Department for International Tax Cooperation (DITC) recently advised the industry that the DITC Portal will open in…
      Read more

      Changing Trends In Operational Due Diligence: How Are Allocators Reacting

      The implications of COVID-19 have certainly made an impact on traditional operational due diligence in the hedge fund industry
      Read more

      Why Cross-Border Fund Domiciles are Transforming into Fund Management Hubs

      Over the coming weeks, DMS will bring you its unique perspective on the challenges and opportunities presented to them as…
      Read more