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Implementation of the FinSA/FinIA: FINMA authorises first supervisory organisations

The Swiss Financial Market Supervisory Authority FINMA has granted the first licences as supervisory organisations, responsible for the supervision of portfolio managers and trustees. It has also authorised the first registration body for client advisers. On 24 June 2020, the Federal Department of Finance has recognised the first ombudsman’s offices in accordance with the FinSA for financial service providers.

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