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Cooperation agreement concluded between FINMA and the Jersey Financial Services Commission

The Swiss Financial Market Supervisory Authority FINMA has entered into a cooperation agreement with the Jersey Financial Services Commission (JFSC), the supervisory authority of Jersey. The conclusion of such an agreement on cooperation and exchange of information between FINMA and the competent foreign supervisory authorities is a prerequisite for authorising branches of foreign asset managers of collective investment schemes in Switzerland.

FINMA press release


Financial Market Infrastructure Act (FMIA) – FDF, FINMA and SNB Implementing Ordinances

The Federal Department of Finance (FDF) and Swiss Financial Market Supervisory Authority FINMA today initiated the hearings on their ordinances with respect to the Financial Market Infrastructure Act (FMIA). The hearings on the Financial Market Infrastructure Ordinance and the FINMA Financial Market Infrastructure Ordinance (FMIO-FINMA) will run until 2 October 2015. In this regard, the Swiss National Bank (SNB) has launched consultations on a revision of the National Bank Ordinance (NBO), which will also end on 2 October 2015. With a view to drafting the SFAMA position papers, all members are invited to send their input on the draft ordinances to the SFAMA Executive Board by 18 September 2015.

FDF Press Release

FINMA Press Release

SNB Press Release