{"id":16569,"date":"2014-09-21T11:39:17","date_gmt":"2014-09-21T10:39:17","guid":{"rendered":"https:\/\/www.fbt-avocats.ch\/regulation-the-independent-asset-manager-profession-faced-with-a-changing-regulatory-environment-state-of-play-and-prospects\/"},"modified":"2021-04-09T16:15:00","modified_gmt":"2021-04-09T15:15:00","slug":"regulation-the-independent-asset-manager-profession-faced-with-a-changing-regulatory-environment-state-of-play-and-prospects","status":"publish","type":"post","link":"https:\/\/staging.fbt-avocats.ch\/en\/regulation-the-independent-asset-manager-profession-faced-with-a-changing-regulatory-environment-state-of-play-and-prospects\/","title":{"rendered":"Regulation &#8211; The Independent Asset Manager profession faced with a changing regulatory environment: state of play and prospects"},"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-d741899910cd1dd4c17bf3600ed84841\">\n#top .av-special-heading.av-av_heading-d741899910cd1dd4c17bf3600ed84841{\npadding-bottom:10px;\nfont-size:26px;\n}\nbody .av-special-heading.av-av_heading-d741899910cd1dd4c17bf3600ed84841 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n#top #wrap_all .av-special-heading.av-av_heading-d741899910cd1dd4c17bf3600ed84841 .av-special-heading-tag{\nfont-size:26px;\n}\n.av-special-heading.av-av_heading-d741899910cd1dd4c17bf3600ed84841 .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-d741899910cd1dd4c17bf3600ed84841 .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-d741899910cd1dd4c17bf3600ed84841 .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n<\/style>\n<div  class='av-special-heading av-av_heading-d741899910cd1dd4c17bf3600ed84841 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; The Independent Asset Manager profession faced with a changing regulatory environment: state of play and prospects<\/h1><div class='av-subheading av-subheading_below'><p>BSL Banking in Switzerland and Liechtenstein &#8211; September 2014<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>The legislative and regulatory changes affecting the independent asset manager profession are multiplying so rapidly that they make their overall assessment all the more delicate and dangerous since they concern issues as different as<\/p>\n<p>the Anti-Money Laundering Act (\u201cAMLA\u201d), the FINMA\u2019s rules of conduct on asset management or the authorisation regimes under the Collective Investment Schemes Act (\u201cCISA\u201d). In the long term, it seems inevitable that asset managers be subject to prudential supervision whose outlines will be established in the Draft Financial nServices Act, to be published by next summer. However, this paradigm shift is already well under way, as evidenced by the recent legislative and regulatory initiatives mentioned hereunder.<\/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-87253105d766f7e72bc24e46b62f6a95-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-87253105d766f7e72bc24e46b62f6a95\">\n#top #wrap_all .avia-button.av-av_button-87253105d766f7e72bc24e46b62f6a95{\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-87253105d766f7e72bc24e46b62f6a95 .avia-svg-icon svg:first-child{\nfill:#ffffff;\nstroke:#ffffff;\n}\n<\/style>\n<a href='http:\/\/fbt-avocats.ch\/wp-content\/uploads\/2016\/04\/FBT-F.Bensahel-et-PO-Etique-F-et-E.pdf'  class='avia-button av-av_button-87253105d766f7e72bc24e46b62f6a95 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":[84],"tags":[276],"datespeciale":[],"class_list":["post-16569","post","type-post","status-publish","format-standard","hentry","category-media-and-news","tag-bsl-banking-in-switzerland-and-liechstenstein-en","competences-banking-and-finance","auteurs-fbt-avocats","auteurs-frederique-bensahel-en","date-publication-2014-en","diffusion-medias-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 - The Independent Asset Manager profession faced with a changing regulatory environment: state of play and prospects | 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 - The Independent Asset Manager profession faced with a changing regulatory environment: state of play and prospects\" \/>\n<meta property=\"og:url\" content=\"https:\/\/staging.fbt-avocats.ch\/en\/regulation-the-independent-asset-manager-profession-faced-with-a-changing-regulatory-environment-state-of-play-and-prospects\/\" \/>\n<meta property=\"og:site_name\" content=\"FBT Avocats SA\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-21T10:39:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-09T15:15:00+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\\\/regulation-the-independent-asset-manager-profession-faced-with-a-changing-regulatory-environment-state-of-play-and-prospects\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/staging.fbt-avocats.ch\\\/en\\\/regulation-the-independent-asset-manager-profession-faced-with-a-changing-regulatory-environment-state-of-play-and-prospects\\\/\"},\"author\":{\"name\":\"Acey\",\"@id\":\"https:\\\/\\\/staging.fbt-avocats.ch\\\/en\\\/#\\\/schema\\\/person\\\/fc6aec890aeb5ba75401bb59536340fb\"},\"headline\":\"Regulation &#8211; 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