Requirements under the new Swiss law
Financial service providers who wish to publicly offer or distribute financial instruments on the Swiss market will need to follow new rules and regulations from 1 January 2020.
According to the Swiss Federal Act on Financial Services, client advisors of domestic financial service providers who are not supervised in accordance with the Swiss financial market acts and collective capital investments and client advisors of foreign financial service providers may only exercise their activities in Switzerland if they are entered in a register of advisors. In order to enter into the advisor register, the client advisor will therefore have to prove that he possesses the necessary knowledge and skills by passing the client advisor test.
Director, Legal, PwC Switzerland
Tel: +41 58 792 28 86
TLS Manager, PwC Switzerland
Tel: +41 58 792 40 22
Senior Manager, Financial Market Infrastructure and Trading, Legal, PwC Switzerland
Tel: +41 58 792 1817