Changes to financial market law in brief
This financial market law brief gives an overview of legal amendments made in recent months and of the draft legislation as well as proposed regulations applicable to financial institutions.
As at December 2015
The Swiss banking and financial market law is undergoing important changes. Since the last edition of the "Summary of Changes in Financial Market Laws" of June 2015, a large number of legal and regulatory requirements were put into force or have been included in the legislative process. The current edition summarises the new requirements and provides an overview of their impacts to the financial service providers. They consider the changes until the end of 2015 and include, among others, the new Financial Market Infrastructure regulations, the draft Financial Services Act and the new rules on combating money laundering as well as the FINMA-Circular on "Disclosure Banks".
As at June 2015
The first quarter of 2015 saw the entry into force of many new laws and regulations applicable to the financial services sector, as well as of guidelines issued by the Swiss Financial Market Supervisory Authority FINMA and by various self-regulatory organisations. Various drafts of new laws on the financial markets have also started on their journeys through the legislative process in recent months.
The summary gives an overview of the changes to the law over recent months and of the recently announced draft legislation and proposed regulations, offers an insight into the impact they may come to have on financial institutions.