{"id":20177,"date":"2020-11-08T12:22:06","date_gmt":"2020-11-08T11:22:06","guid":{"rendered":"https:\/\/www.fbt-avocats.ch\/?p=20177"},"modified":"2021-03-01T14:26:44","modified_gmt":"2021-03-01T13:26:44","slug":"new-requirements-for-foreign-financial-institutions-to-seek-an-authorization-from-the-finma-for-their-swiss-operations","status":"publish","type":"post","link":"https:\/\/staging.fbt-avocats.ch\/en\/new-requirements-for-foreign-financial-institutions-to-seek-an-authorization-from-the-finma-for-their-swiss-operations\/","title":{"rendered":"New requirements for foreign financial institutions to seek an authorization from the FINMA for their Swiss operations"},"content":{"rendered":"<section  class='av_textblock_section av-7dtlel-54646e090b2362c0ce717e7039213545 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-6hs9cd-aa7fd7160a86b43089fe650ca2464333\">\n.flex_column.av-6hs9cd-aa7fd7160a86b43089fe650ca2464333{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-6hs9cd-aa7fd7160a86b43089fe650ca2464333 av_one_full  avia-builder-el-1  el_after_av_textblock  avia-builder-el-last  first flex_column_div av-zero-column-padding  column-top-margin'     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-klqm8vxp-ded1432e346f8c8eb8653c9fba34324c\">\n#top .av-special-heading.av-klqm8vxp-ded1432e346f8c8eb8653c9fba34324c{\npadding-bottom:10px;\nfont-size:26px;\n}\nbody .av-special-heading.av-klqm8vxp-ded1432e346f8c8eb8653c9fba34324c .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n#top #wrap_all .av-special-heading.av-klqm8vxp-ded1432e346f8c8eb8653c9fba34324c .av-special-heading-tag{\nfont-size:26px;\n}\n.av-special-heading.av-klqm8vxp-ded1432e346f8c8eb8653c9fba34324c .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-klqm8vxp-ded1432e346f8c8eb8653c9fba34324c .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-klqm8vxp-ded1432e346f8c8eb8653c9fba34324c .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n<\/style>\n<div  class='av-special-heading av-klqm8vxp-ded1432e346f8c8eb8653c9fba34324c av-special-heading-h1 blockquote modern-quote  avia-builder-el-2  el_before_av_hr  avia-builder-el-first  av-inherit-size'><h1 class='av-special-heading-tag '  itemprop=\"headline\"  >New requirements for foreign financial institutions to seek an authorization from the FINMA for their Swiss operations<\/h1><div class='av-subheading av-subheading_below'><p>BSL Banking in Switzerland and Luxembourg \u2013 November 2020<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-4rtof1-6cb168409d4b952e81360eb2f8cb23b0\">\n#top .hr.hr-invisible.av-4rtof1-6cb168409d4b952e81360eb2f8cb23b0{\nheight:20px;\n}\n<\/style>\n<div  class='hr av-4rtof1-6cb168409d4b952e81360eb2f8cb23b0 hr-invisible  avia-builder-el-3  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-jo5hremo-8df0535b4b08dc00af18df224af1af03 '   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\">\n<p>The Financial Institutions Act, which entered into force on 1 January 2020, has resulted in a significant number of changes in the wealth management sector, broadly speaking. One of the most noteworthy is that independent asset managers and trustees will be subject to authorization and prudential oversight by the FINMA. While the financial sector long supported oversight of independent asset managers, oversight of trustees was primarily a matter for the milieu itself, which was nonetheless very divided over the necessity of prudential oversight of an activity that was actually very distant from finance in the strict sense. The decision to subject independent asset managers and trustees to regulations applicable to all financial institutions \u2013 with the exception of the banks, which remain subject to banking law \u2013 results in consequences that the market is far from having grasped.<\/p>\n<\/div>\n<div data-canvas-width=\"318.9300803304\"><\/div>\n<div data-canvas-width=\"318.9300803304\"><\/div>\n<div data-canvas-width=\"318.9300803304\"><\/div>\n<div data-canvas-width=\"318.9300803304\"><\/div>\n<div data-canvas-width=\"318.9300803304\"><\/div>\n<div data-canvas-width=\"318.9300803304\"><\/div>\n<div data-canvas-width=\"318.9300803304\"><\/div>\n<div data-canvas-width=\"318.9300803304\"><\/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-1xwhd9-afd37c19b28461d09397a418e175376c\">\n#top .hr.hr-invisible.av-1xwhd9-afd37c19b28461d09397a418e175376c{\nheight:20px;\n}\n<\/style>\n<div  class='hr av-1xwhd9-afd37c19b28461d09397a418e175376c hr-invisible  avia-builder-el-5  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-jo5hs5ts-3ee79e192828fc1098e640bc44463c38-wrap avia-button-left  avia-builder-el-6  el_after_av_hr  avia-builder-el-last '>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-jo5hs5ts-3ee79e192828fc1098e640bc44463c38\">\n#top #wrap_all .avia-button.av-jo5hs5ts-3ee79e192828fc1098e640bc44463c38{\nbackground-color:#44525f;\nborder-color:#44525f;\ncolor:#ffffff;\ntransition:all 0.4s ease-in-out;\n}\n#top #wrap_all .avia-button.av-jo5hs5ts-3ee79e192828fc1098e640bc44463c38 .avia-svg-icon svg:first-child{\nfill:#ffffff;\nstroke:#ffffff;\n}\n<\/style>\n<a href='https:\/\/staging.fbt-avocats.ch\/wp-content\/uploads\/2020\/12\/BSL_2020_Regulation_Frederique_Bensahel_FBT_Avocats.pdf'  class='avia-button av-jo5hs5ts-3ee79e192828fc1098e640bc44463c38 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":21,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[777],"datespeciale":[],"class_list":["post-20177","post","type-post","status-publish","format-standard","hentry","category-publications","tag-bsl-banking-in-switzerland-and-luxembourg-en","competences-banking-and-finance","auteurs-frederique-bensahel-en","date-publication-2020-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>New requirements for foreign financial institutions to seek an authorization from the FINMA for their Swiss operations | FBT Avocats SA<\/title>\n<meta name=\"robots\" content=\"noindex, follow, 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