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FinSA/FinIA clears first hurdle in Council of States

At its meeting on 14 December 2016, the Council of States considered the Financial Services Act (FinSA) and Financial Institutions Act (FinIA), and essentially adopted the proposal put forward by its Economic Affairs and Taxation Committee (EATC-S). SFAMA welcomes the bill approved by the Council of States, and will continue to represent the interests of its members in the debate. The bill will now pass to the EATC-N for consideration at the beginning of 2017.