{"id":16587,"date":"2014-02-06T12:07:14","date_gmt":"2014-02-06T11:07:14","guid":{"rendered":"https:\/\/www.fbt-avocats.ch\/new-legislation-on-financial-services-the-beginning-of-the-legislative-process\/"},"modified":"2020-11-18T11:17:35","modified_gmt":"2020-11-18T10:17:35","slug":"new-legislation-on-financial-services-the-beginning-of-the-legislative-process","status":"publish","type":"post","link":"https:\/\/staging.fbt-avocats.ch\/en\/new-legislation-on-financial-services-the-beginning-of-the-legislative-process\/","title":{"rendered":"New Legislation on financial services: the beginning of the legislative process"},"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-f1ade25564b660f91ad1c31a673f096d\">\n#top .av-special-heading.av-av_heading-f1ade25564b660f91ad1c31a673f096d{\npadding-bottom:10px;\nfont-size:26px;\n}\nbody .av-special-heading.av-av_heading-f1ade25564b660f91ad1c31a673f096d .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n#top #wrap_all .av-special-heading.av-av_heading-f1ade25564b660f91ad1c31a673f096d .av-special-heading-tag{\nfont-size:26px;\n}\n.av-special-heading.av-av_heading-f1ade25564b660f91ad1c31a673f096d .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-f1ade25564b660f91ad1c31a673f096d .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-f1ade25564b660f91ad1c31a673f096d .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n<\/style>\n<div  class='av-special-heading av-av_heading-f1ade25564b660f91ad1c31a673f096d 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\"  >New Legislation on financial services: the beginning of the legislative process<\/h1><div class='av-subheading av-subheading_below'><p>International Bar Association &#8211; Banking Law Newsletter &#8211; February 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-0366cc7376be6c9e82a3e9cc8987b64f '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>In Switzerland, various financial services, financial actors and financial products are subject to different rules with no real objective justifications. Based on that observation, on 18 February 2013, the Federal Department of Finance, under a mandate by Swiss Government (the &#8220;Federal Council&#8221;), published a report on the draft Financial Services act (loi sur les services financiers (LSFin)) (the &#8220;FDF Report&#8221;).<\/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-4c08efb51e56a41337699260573b3ac0-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-4c08efb51e56a41337699260573b3ac0\">\n#top #wrap_all .avia-button.av-av_button-4c08efb51e56a41337699260573b3ac0{\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-4c08efb51e56a41337699260573b3ac0 .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\/06\/IBA-Newsletter-February-2014-New-Legislation-on-financial-services.pdf'  class='avia-button av-av_button-4c08efb51e56a41337699260573b3ac0 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":1372,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[450],"datespeciale":[],"class_list":["post-16587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publications","tag-international-bar-association-banking-law-newsletter-en","competences-banking-and-finance","auteurs-fbt-avocats","auteurs-frederique-bensahel-en","date-publication-2014-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>New Legislation on financial services: the beginning of the legislative process | FBT Avocats SA<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, 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