{"id":16632,"date":"2009-08-31T12:27:28","date_gmt":"2009-08-31T11:27:28","guid":{"rendered":"https:\/\/www.fbt-avocats.ch\/the-abolition-of-the-swiss-finish-and-side-pockets-under-swiss-law\/"},"modified":"2019-09-13T13:19:55","modified_gmt":"2019-09-13T12:19:55","slug":"the-abolition-of-the-swiss-finish-and-side-pockets-under-swiss-law","status":"publish","type":"post","link":"https:\/\/staging.fbt-avocats.ch\/en\/the-abolition-of-the-swiss-finish-and-side-pockets-under-swiss-law\/","title":{"rendered":"The abolition of the &#8220;Swiss Finish&#8221; and &#8220;Side Pockets&#8221; under Swiss law"},"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-e3a70df06685483c5ea55b81ef191429\">\n#top .av-special-heading.av-av_heading-e3a70df06685483c5ea55b81ef191429{\npadding-bottom:10px;\nfont-size:26px;\n}\nbody .av-special-heading.av-av_heading-e3a70df06685483c5ea55b81ef191429 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n#top #wrap_all .av-special-heading.av-av_heading-e3a70df06685483c5ea55b81ef191429 .av-special-heading-tag{\nfont-size:26px;\n}\n.av-special-heading.av-av_heading-e3a70df06685483c5ea55b81ef191429 .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-e3a70df06685483c5ea55b81ef191429 .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-e3a70df06685483c5ea55b81ef191429 .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n<\/style>\n<div  class='av-special-heading av-av_heading-e3a70df06685483c5ea55b81ef191429 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\"  >The abolition of the <span class='special_amp'>&#8220;<\/span>Swiss Finish<span class='special_amp'>&#8221;<\/span> and <span class='special_amp'>&#8220;<\/span>Side Pockets<span class='special_amp'>&#8221;<\/span> under Swiss law<\/h1><div class='av-subheading av-subheading_below'><p>International Bar Association &#8211; Securities Law Newsletter &#8211; August 2009<br \/>\nFr\u00e9d\u00e9rique Bensahel, Michel Abt<\/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\" ><div data-canvas-width=\"31.061142081545363\">To increase Switzerland\u2019s attractiveness as a distribution market for investment funds and to bring Switzerland in line with the Undertakings for Collective Investment in Transferable Securities (UCITS) III Directive, the Swiss Financial Market Supervisory Authority (FINMA), formerly the Swiss Federal Banking Commission (SFBC), decided to abolish the so-called \u2018Swiss Finish\u2019. The FINMA believes that: \u2018The suppression of the \u201cSwiss Finish\u201d should contribute to reposition the Swiss Funds Market and promote Swiss Collective Investment Schemes\u2019. This suppression, decided on 28 January 2009, entered into force on 1 March 2009.<\/div>\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-045567ffae81f565d48a4dc9764bcc72-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-045567ffae81f565d48a4dc9764bcc72\">\n#top #wrap_all .avia-button.av-av_button-045567ffae81f565d48a4dc9764bcc72{\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-045567ffae81f565d48a4dc9764bcc72 .avia-svg-icon svg:first-child{\nfill:#ffffff;\nstroke:#ffffff;\n}\n<\/style>\n<a href='http:\/\/fbt-avocats.ch\/wp-content\/uploads\/2016\/10\/The-abolition-of-the-Swiss-Finish-and-Side-Pockets-under-Swiss-law.pdf'  class='avia-button av-av_button-045567ffae81f565d48a4dc9764bcc72 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":[],"datespeciale":[],"class_list":["post-16632","post","type-post","status-publish","format-standard","hentry","category-publications","competences-banking-and-finance","auteurs-frederique-bensahel-en","auteurs-michel-abt-en","date-publication-2009-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>The abolition of the &quot;Swiss Finish&quot; 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