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