Swiss Funds & Asset Management Association SFAMA
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Welcome to Swiss Funds & Asset Management Association SFAMA

  • 03Apr2014
    FATCA - Expanded IGA Treatment and Short Registration Extension

    Yesterday, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) announced (Press Release on Announcement 2014-17) that jurisdictions that have reached agreements in substance with the United States on the terms of intergovernmental agreements (IGAs) under the Foreign Account Tax Compliance Act (FATCA) can be treated as having agreements in effect until the end of 2014.  This treatment will be available to jurisdictions that reach agreements in substance prior to July 1, 2014, and that consent to having the status of their agreements disclosed.  As an increasing number of jurisdictions reach agreements in substance, today's announcement provides foreign financial institutions (FFIs) located in these jurisdictions with the guidance they need prior to the upcoming registration deadlines.  

    In addition, as part of the effort to facilitate an effective start of FATCA withholding on July 1, 2014, this announcement also provides FFIs with 10 more days to register and ensure that they will be included on the first IRS FFI list.  The IRS can provide this extra time based on its assessment of the performance of its registration system to date (Announcement 2014-17).

  • 03Apr2014
    FINMA opens consultation on FINMA Collective Investment Schemes Ordinance

    The Swiss Financial Market Supervisory Authority FINMA has opened the consultation on the FINMA Collective Investment Schemes Ordinance. Following the revision of the Collective Investment Schemes Act and the Collective Investment Schemes Ordinance, the legal basis for the FINMA Collective Investment Schemes Ordinance has changed as of 1 March 2013. In light of these circumstances, a total revision of the FINMA Collective Investment Schemes Ordinance is thus necessary. The consultation ends on 19 May 2014.

  • 02Apr2014
    Consultation on Financial Market Infrastructure Act

    SFAMA issues a statement on Financial Market Infrastructure Act 

  • 01Apr2014
    New members

    The Board of Directors and the Executive Board of SFAMA are very glad to welcome the following new members:

    • Hugo Fund Services SA, Geneva
    • MFM Mirante Fund Management SA, Lausanne
    • Swissquote Bank AG, Gland
    • BRP Bizzozero & Partners SA, Geneva
    • Bank Julius Bär & Cie AG, Zurich
  • 31Mar2014
    FATCA - Formatted Regulations

    PwC has published a formatted version of the FATCA regulations.  The formatted version is available for download on the PwC US website (Link).  The document includes the preamble, temporary and final FATCA regulations, and section 1471 through 1474 of the Internal Revenue Code. 

  • 29Mar2014
    FATCA - New 2014 Form W-8BEN-E is Now Available

    The new 2014 Form W-8BEN-E  has been released and is posted on the IRS.GOV Current Forms and Publications webpage.  Here is the link to the 2014 Form W-8BEN-E.

  • 28Mar2014
    Media release 06/2014

    Felix Haldner takes over as President, two new members join Board of Directors

  • 28Mar2014
    SFAMA Annual Report 2013

    The SFAMA annual report 2013 has been published.

  • 19Mar2014
    Media release 05/2014

    Fund Market Statistics - February 2014: Swiss fund market on the up

  • 13Mar2014
    SFAMA News Spring 2014

    The spring issue of SFAMA News has been published.

  • 06Mar2014
    FATCA - Revised Final FATCA Regulations + FATCA Forms and Instructions

    1.  The Revised Final FATCA Regulations have Posted to the Federal Register

    Regulations coordinating chapters 3, 4, 61, and section 3406 of the Internal Revenue Code and revising the final FATCA regulations have been posted to the Federal Register for publication.

    See below for the link to the FATCA Website which contains links to the new final and temporary regulations (and the associated notices of proposed rulemaking by cross-reference):

    Link to the FATCA Website which Contains Links to the Regulations

    2.  FATCA Forms and Instructions for 2014 are Now Available

    The following FATCA Forms and Instructions for 2014 are now available on the IRS.GOV Forms and Publications Website

    • Form 1042 
    • Form 8966 
    • Form W-8BEN 
    • Instructions to Form W-8BEN 
    • Form W-8ECI 
    • Instructions to Form W-8ECI

    Click here to access IRS.GOV Forms and Publications Website

  • 21Feb2014
    Circular 09/2014

    Example of a representative agreement in relation to the distribution of foreign collective investment schemes to qualified investors in Switzerland

  • 20Feb2014
    Additional FATCA Guidance Submitted for Publication

    Regulations revising and further clarifying the final FATCA regulations under chapter 4 have been submitted to the Office of the Federal Register for publication.

    Regulations to coordinate the FATCA regulations under chapter 4 with the withholding and information reporting rules under chapters 3 and 61, and section 3406 have also been submitted to the Office of the Federal Register for publication.

    Click here to preview these regulations. 

  • 19Feb2014
    Media release 04/2014

    Fund Market Statistics - January 2014: Swiss fund market holding steady at a high level

  • 12Feb2014
    Circular 04/2014

    Collective Investment Schemes - FATCA List (IRS FFI List)

  • 06Feb2014
    Swiss Fund Data Appoints Morningstar to Official Provider of Swiss Fund Market Statistics

    Swiss Fund Data AG, a joint venture between the Swiss Funds & Asset Management Association SFAMA and SIX Swiss Exchange, has appointed Morningstar Switzerland GmbH, a subsidiary of Morningstar Inc., a leading provider of investment research, to the role of official provider of Swiss fund market data and statistics, effective 1 March 2014.

  • 05Feb2014
    Media release 03/2014

    Asset Management Strategy on track, challenges lie ahead

  • 04Feb2014
    New Members

    The Board of Directors and the Executive Board of SFAMA are very glad to welcome the following new members:

    • HSBC Global Asset Management (Switzerland) Ltd., Zürich
    • Fund Channel (Suisse) SA, Nyon
  • 30Jan2014
    Media release 02/2014

    Diana Imbach joins the SFAMA

  • 20Jan2014
    Media release 01/2014

    Fund Market Statistics - December 2013: Swiss fund market enjoyed gains in 2013

  • 17Jan2014
    Circular 32/2013 - versions in Italian and English

    Duty to keep documentary records under Art. 24.3 CISA / SFAMA model documentary record for qualified investors as defined in Art. 10.3c and d CISA.

    For members only:

  • 31Dec2013
    SBA - Guidelines on the duty to keep documentary records according to section 24(3) CISA (Collective Investment Schemes Act)

    The Guidelines are now available in:

    • English
    • German
    • French
    • Italian
  • 26Aug2013
    Foreign Account Tax Compliance Act (FATCA) - Videos

    "How-to" videos to assist financial institutions with FATCA registration

  • 19Aug2013
    Foreign Account Tax Compliance Act (FATCA) - Portal open for registration

    The Internal Revenue Service (IRS) has opened the registration portal for foreign financial institutions and has published a 75 page user guide with instructions on the registration process.

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