Swiss Marketing Rules for Foreign Fund Managers: Be Reminded of the 31 December 2021 Deadline

This note is part of a series of briefings on the Financial Services Act (FINSA, FIDLEG in German and LSFin in French) that came into force in 2020 and is a reminder for fund managers and other entities advertising, offering or marketing foreign funds on a cross-border basis to Swiss qualified investors that all FINSA requirements will need to be satisfied by 31 December 2021.

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COVID-19 Credits: Revised Guidelines of the Swiss Bankers’ Association on the Internal Handling of COVID-19 Credits

As an immediate response to liquidity shortages caused by the pandemic, the Federal Council had adopted on 25 March 2020 an emergency ordinance allowing SMEs to apply for and obtain so-called COVID-19 credits in a speedy, non-bureaucratic procedure until 31 July 2020. Given its extraordinary nature, the ordinance stayed in force until 25 September 2020. In order to address all aspects of the COVI…

What to Know About COVID-19 Credits and Their Use in the Light of the New Federal Act on COVID-19 Credits With Joint and Several Guarantee

As an immediate response to liquidity shortages caused by the pandemic, the Federal Council had adopted on 25 March 2020 an emergency ordinance allowing SMEs to apply for and obtain so-called COVID-19 credits in a speedy, non-bureaucratic procedure until 31 July 2020. Given its extraordinary nature, the ordinance stayed in force until 25 September 2020. In order to address all aspects of the COVI…

FinSA/FinIA: Licenses Granted to the First Supervisory Organisations, Registration Bod-ies and Ombudsman Offices – More Clarity in the Transition Regimes for Financial Ser-vice Providers


FINMA granted the first licenses to two supervisory organisations for the supervision of portfolio managers and trustees and to one registration body maintaining client advisory registers. Recently, the Federal Finance Department recognized four Ombudsman offices. These licenses/recognitions triggered the last transition periods for various duties of financial service providers (such as investm…


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Much is still unclear in relation to liability questions around AI tools.

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Thema: Mängelrügen im Kauf- und Werkvertragsrecht: Wie Sie den Spiessrutenlauf effektiv meistern.
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