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Reporting obligations and the abolition of bearer shares

Reporting obligations of companies and the abolition of bearer shares

Since the implementation of the rules set out by the Groupe d’action financière (GAFI) in 2015, Swiss law provides for an obligation to notify the purchasers or holders of bearer shares and the beneficial owners of a company. These reporting obligations have recently been tightened. In addition, it has been decided that most companies will no longer be able to issue bearer shares. These new, stricter regulations are in force since 1 November 2019.