{"id":16515,"date":"2017-10-31T09:24:26","date_gmt":"2017-10-31T08:24:26","guid":{"rendered":"https:\/\/www.fbt-avocats.ch\/new-regulation-for-independent-investment-managers-costs-and-consequences-for-the-financial-industry\/"},"modified":"2021-12-06T15:16:28","modified_gmt":"2021-12-06T14:16:28","slug":"new-regulation-for-independent-investment-managers-costs-and-consequences-for-the-financial-industry","status":"publish","type":"post","link":"https:\/\/staging.fbt-avocats.ch\/en\/new-regulation-for-independent-investment-managers-costs-and-consequences-for-the-financial-industry\/","title":{"rendered":"Regulation &#8211; New Regulation for Independent Investment Managers: Costs and Consequences for the Financial Industry"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_full-9497bbf8bff73ea4c6992cc17fa9ec36\">\n.flex_column.av-av_one_full-9497bbf8bff73ea4c6992cc17fa9ec36{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_one_full-9497bbf8bff73ea4c6992cc17fa9ec36 av_one_full  avia-builder-el-0  avia-builder-el-no-sibling  first flex_column_div av-zero-column-padding  '     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_heading-4968126692e8ba29e44d546ab397b3ea\">\n#top .av-special-heading.av-av_heading-4968126692e8ba29e44d546ab397b3ea{\npadding-bottom:10px;\nfont-size:26px;\n}\nbody .av-special-heading.av-av_heading-4968126692e8ba29e44d546ab397b3ea .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n#top #wrap_all .av-special-heading.av-av_heading-4968126692e8ba29e44d546ab397b3ea .av-special-heading-tag{\nfont-size:26px;\n}\n.av-special-heading.av-av_heading-4968126692e8ba29e44d546ab397b3ea .av-subheading{\nfont-size:15px;\n}\n\n@media only screen and (min-width: 480px) and (max-width: 767px){ \n#top #wrap_all .av-special-heading.av-av_heading-4968126692e8ba29e44d546ab397b3ea .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n\n@media only screen and (max-width: 479px){ \n#top #wrap_all .av-special-heading.av-av_heading-4968126692e8ba29e44d546ab397b3ea .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n<\/style>\n<div  class='av-special-heading av-av_heading-4968126692e8ba29e44d546ab397b3ea av-special-heading-h1 blockquote modern-quote  avia-builder-el-1  el_before_av_hr  avia-builder-el-first  av-inherit-size'><h1 class='av-special-heading-tag '  itemprop=\"headline\"  >Regulation &#8211; New Regulation for Independent Investment Managers: Costs and Consequences for the Financial Industry<\/h1><div class='av-subheading av-subheading_below'><p>BSL Banking in Switzerland and Liechstenstein &#8211; October 2017<br \/>\nFr\u00e9d\u00e9rique Bensahel, Pierre-Olivier Etique<\/p>\n<\/div><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-a7bfac8b270289d974036c90ec0c7caf\">\n#top .hr.hr-invisible.av-av_hr-a7bfac8b270289d974036c90ec0c7caf{\nheight:20px;\n}\n<\/style>\n<div  class='hr av-av_hr-a7bfac8b270289d974036c90ec0c7caf hr-invisible  avia-builder-el-2  el_after_av_heading  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-av_textblock-396ddf1f42196ca838231e61a4602801 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><span class=\"fontstyle0\"><strong>Since the drafts of the Financial Services Act (FinSA) and Financial Institutions Act (FinIA) were presented for consultation by the Federal Council on 27 June 2014, they have given rise to heated debates within the financial industry about their impact on the independent investment managers\u2019 sector, in particular from the small structures perspective.<\/strong> The latter represents one of the major issues of these new regulations; indeed, market analyses have shown that half of the investment management companies active in Switzerland have one to three employees. While the legislative works are entering their final straight \u2013 the final versions should be disclosed and published by the end of the year, with a possible entry into force early 2019 \u2013 the outlines of the future regime governing independent investment managers are being fine-tuned.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-a7bfac8b270289d974036c90ec0c7caf\">\n#top .hr.hr-invisible.av-av_hr-a7bfac8b270289d974036c90ec0c7caf{\nheight:20px;\n}\n<\/style>\n<div  class='hr av-av_hr-a7bfac8b270289d974036c90ec0c7caf hr-invisible  avia-builder-el-4  el_after_av_textblock  el_before_av_button '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<div  class='avia-button-wrap av-av_button-7d4d5d470302d49286d5f0ee1c465d8c-wrap avia-button-left  avia-builder-el-5  el_after_av_hr  avia-builder-el-last '>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_button-7d4d5d470302d49286d5f0ee1c465d8c\">\n#top #wrap_all .avia-button.av-av_button-7d4d5d470302d49286d5f0ee1c465d8c{\nbackground-color:#44525f;\nborder-color:#44525f;\ncolor:#ffffff;\ntransition:all 0.4s ease-in-out;\n}\n#top #wrap_all .avia-button.av-av_button-7d4d5d470302d49286d5f0ee1c465d8c .avia-svg-icon svg:first-child{\nfill:#ffffff;\nstroke:#ffffff;\n}\n<\/style>\n<a href='https:\/\/staging.fbt-avocats.ch\/wp-content\/uploads\/2017\/11\/BSL_2017_FBE-et-POE_FR-ENG.pdf'  class='avia-button av-av_button-7d4d5d470302d49286d5f0ee1c465d8c av-link-btn avia-icon_select-no avia-size-large avia-position-left'  target=\"_blank\"  rel=\"noopener noreferrer\"  aria-label=\"Lire la suite\"><span class='avia_iconbox_title' >Lire la suite<\/span><\/a><\/div><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[276],"datespeciale":[],"class_list":["post-16515","post","type-post","status-publish","format-standard","hentry","category-publications","tag-bsl-banking-in-switzerland-and-liechstenstein-en","competences-banking-and-finance","auteurs-fbt-avocats","auteurs-frederique-bensahel-en","date-publication-2017-en","diffusion-publications-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Regulation - New Regulation for Independent Investment Managers: Costs and Consequences for the Financial Industry | FBT Avocats SA<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regulation - New Regulation for Independent Investment Managers: Costs and Consequences for the Financial Industry\" \/>\n<meta property=\"og:url\" content=\"https:\/\/staging.fbt-avocats.ch\/en\/new-regulation-for-independent-investment-managers-costs-and-consequences-for-the-financial-industry\/\" \/>\n<meta property=\"og:site_name\" content=\"FBT Avocats SA\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-31T08:24:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-06T14:16:28+00:00\" \/>\n<meta name=\"author\" content=\"Acey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Acey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/staging.fbt-avocats.ch\\\/en\\\/new-regulation-for-independent-investment-managers-costs-and-consequences-for-the-financial-industry\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/staging.fbt-avocats.ch\\\/en\\\/new-regulation-for-independent-investment-managers-costs-and-consequences-for-the-financial-industry\\\/\"},\"author\":{\"name\":\"Acey\",\"@id\":\"https:\\\/\\\/staging.fbt-avocats.ch\\\/en\\\/#\\\/schema\\\/person\\\/fc6aec890aeb5ba75401bb59536340fb\"},\"headline\":\"Regulation &#8211; 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