CISA, FinSA and FinIA – a further assessment of the new legal situation
New financial market regulation, especially in regard to the Financial Services Act (FinSA) and the Financial Institutions Act (FinIA), has been in effect in Switzerland since the beginning of 2020. It affects investment and asset advisors, asset managers, managers of collective assets and everyone who is involved in financial services as well as offering and marketing financial instruments – including fund sales. After roughly one and a half years and numerous difficulties associated with the coronavirus pandemic, the time has finally come to take stock of the situation among affected financial service providers of every kind.
In this June 2021 edition of the B2B panel, Veronika Britt, Senior Manager at Grant Thornton Switzerland/Liechtenstein, explains what to look out for particularly when it comes to financial market regulation and how Grant Thornton can support your business.