News

OpenFunds News

09. June 2015

Guidelines on protocol requirements: FINMA lifts recognition limit.

The 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).

05. March 2015

Vertrieb von ausländischen kollektiven Kapitalanlagen an qualifizierte Anleger in der Schweiz

Die Schweiz hat ihre Gesetzgebung zum Vertrieb von ausländischen Investmentsfonds in odervon der Schweiz aus mit der Revision des Kollektivanlagegesetzes an die EU-Gesetzgebung angepasst.

04. February 2015

Swiss Financial Market Supervisory Authority (FinMA) releases the 2014 Enforcement Report

In 2014, FinMA adopted a new enforcement policy setting out the general principles of its approach to sanctioning violations of supervisory law. One of its stipulations is that enforcement should be visible.

01. January 2015

The requirement for and role of Swiss representatives and Swiss paying agents for foreign funds distributed to qualified investors

The regulations on the distribution of funds in Switzerland have changed. Fund providers need to assess their existing or planned distribution activities in Switzerland, and decide if they need to appoint a Swiss representative and a Swiss paying agent.

11. December 2014

Closed-end funds - How are they affected by the new distribution rules in Switzerland?

Under the amended Swiss Collective Investment Schemes Act (CISA) open-ended funds need to appoint a Swiss Representative and a Swiss Paying Agent. It is less clear what is required of closed-end funds.

05. November 2014

Distribution of foreign collective investment schemes to qualified investors in Switzerland - The basics

In September 2012 the Swiss Parliament passed amendments to the Swiss Collective Investment Schemes Act (CISA). In February 2013 the Swiss Federal Council adopted an amendment to the Collective Investment Schemes Ordinance (CISO) that effectively completed the process of turning the revised CISA into law.