{"id":18245,"date":"2019-11-19T10:57:57","date_gmt":"2019-11-19T09:57:57","guid":{"rendered":"https:\/\/www.fbt-avocats.ch\/?p=18245"},"modified":"2019-11-19T15:10:06","modified_gmt":"2019-11-19T14:10:06","slug":"entry-trustees-world-prudential-regulation","status":"publish","type":"post","link":"https:\/\/staging.fbt-avocats.ch\/en\/entry-trustees-world-prudential-regulation\/","title":{"rendered":"Entry of Trustees into the World of Prudential Regulation"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-7kdd2x-c22d37f8bf4c5a050f114773a2a2820d\">\n.flex_column.av-7kdd2x-c22d37f8bf4c5a050f114773a2a2820d{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-7kdd2x-c22d37f8bf4c5a050f114773a2a2820d 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-330da67db964c5a155875c92275a1d28\">\n#top .av-special-heading.av-av_heading-330da67db964c5a155875c92275a1d28{\npadding-bottom:10px;\nfont-size:26px;\n}\nbody .av-special-heading.av-av_heading-330da67db964c5a155875c92275a1d28 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n#top #wrap_all .av-special-heading.av-av_heading-330da67db964c5a155875c92275a1d28 .av-special-heading-tag{\nfont-size:26px;\n}\n.av-special-heading.av-av_heading-330da67db964c5a155875c92275a1d28 .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-330da67db964c5a155875c92275a1d28 .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-330da67db964c5a155875c92275a1d28 .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n<\/style>\n<div  class='av-special-heading av-av_heading-330da67db964c5a155875c92275a1d28 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\"  >Entry of Trustees into the World of Prudential Regulation<\/h1><div class='av-subheading av-subheading_below'><p>BSL &#8211; November 2019<br \/>\nFr\u00e9d\u00e9rique Bensahel<\/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-n0li1-1efd5b8de70b0482ad9634d49e9e839e\">\n#top .hr.hr-invisible.av-n0li1-1efd5b8de70b0482ad9634d49e9e839e{\nheight:20px;\n}\n<\/style>\n<div  class='hr av-n0li1-1efd5b8de70b0482ad9634d49e9e839e 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-jo8swubq-4d99313958edac912d5a486b03395f2a '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><div data-canvas-width=\"431.1431666666666\">\n<div class=\"textLayer\">\n<div data-canvas-width=\"318.9300803304\">The new legislation on financial institutions (FinIA), expected to enter into force on 1st January 2020, will subject nearly 4,000 additional actors of the Swiss financial marketplace to authorisation and to prudential supervision. Three quarters of these actors are independent asset managers. The FinIA introduces a prudential oversight of trustees as well. The latter, being generally subject to the Anti-Money Laundering Act \u2013 like independent asset managers \u2013 are only rarely mentioned in Swiss legislation and case law. They are subject to a specific consideration in the FinIA and its ordinance, the Financial Institutions Ordinance (FinIO), and will have to seek authorisation from the FINMA in order to carry out or continue to carry out their activities on a professional basis. Once they receive authorisation, trustees will be subject to prudential obligations and supervision. While banks and securities houses (the new designation for securities dealers) are exempted from the obligation to obtain a specific trustee authorisation, all other actors, including independent asset managers and multi-family offices, will fall within the guidelines of this new scheme.<\/div>\n<div data-canvas-width=\"318.9300803304\"><\/div>\n<\/div>\n<\/div>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-4ls4nd-3ed99c74f2fb537ef4faa307fd1c2fbd\">\n#top .hr.hr-invisible.av-4ls4nd-3ed99c74f2fb537ef4faa307fd1c2fbd{\nheight:20px;\n}\n<\/style>\n<div  class='hr av-4ls4nd-3ed99c74f2fb537ef4faa307fd1c2fbd 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-2xjx3d-ac66bae20a2ab065b4800ecb260f49d4-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-2xjx3d-ac66bae20a2ab065b4800ecb260f49d4\">\n#top #wrap_all .avia-button.av-2xjx3d-ac66bae20a2ab065b4800ecb260f49d4{\nbackground-color:#44525f;\nborder-color:#44525f;\ncolor:#ffffff;\ntransition:all 0.4s ease-in-out;\n}\n#top #wrap_all .avia-button.av-2xjx3d-ac66bae20a2ab065b4800ecb260f49d4 .avia-svg-icon svg:first-child{\nfill:#ffffff;\nstroke:#ffffff;\n}\n<\/style>\n<a href='https:\/\/staging.fbt-avocats.ch\/wp-content\/uploads\/2019\/11\/BSL_2019_FR-Trustees-FBT.pdf'  class='avia-button av-2xjx3d-ac66bae20a2ab065b4800ecb260f49d4 av-link-btn avia-icon_select-no avia-size-large avia-position-left'  target=\"_blank\"  rel=\"noopener noreferrer\"  aria-label=\"Read more\"><span class='avia_iconbox_title' >Read more<\/span><\/a><\/div><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":18,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[276],"datespeciale":[],"class_list":["post-18245","post","type-post","status-publish","format-standard","hentry","category-publications","tag-bsl-banking-in-switzerland-and-liechstenstein-en","competences-banking-and-finance","auteurs-frederique-bensahel-en","date-publication-2019-en","diffusion-groupe-bancaire-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>Entry of Trustees into the World of Prudential Regulation | FBT Avocats SA<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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