Guidelines on protocol requirements: FINMA lifts recognition limit.
June 2015The Swiss Financial Market Supervisory Authority FINMA has lifted the limitation on the recognition of the Swiss Bankers Association's Guidelines on the duty to keep documentary records according to Section 24(3) of the Federal Act on Collective Investment Schemes (CISA). The guidelines will be examined in detail as soon as the Financial Services Act (FSA) project is at a stage to allow this.