Tag Archives: CapLaw-2020-23

Duty to Report under Article 74 FinIA – Planning Tool for FINMA or (Maybe) More?

FinIA has consolidated the authorisation regime for all financial institutions (except for banks which remain to be regulated under the Banking Act) and has extended this regime to independent asset managers and trustees. Even though the new law provides for a smooth transitional period enabling financial institutions to cope with the new regulation, asset managers and trustees now falling under the new regime are or have been required to file a report with the Swiss regulator FINMA. This article outlines the duty to report and its consequences.

By Matthias Lötscher / Pascal Zysset (Reference: CapLaw-2020-23)