Switzerland

Details

  • Service: Financial Services
  • Industry: Investment Management, Fund News
  • Type: Regulatory update
  • Date: 9/26/2013

Fund News - Issue 106 - August 2013 

This issue provides you with regulatory updates from Belgium, Ireland, Switzerland and UK.
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In Belgium the FSMA issued a Q&A document on AIFMD transitional provisions and Belgian national provisions. Ireland informs about a Consultation Paper on the authorization process for regulated firms, funds and intermediaries which was issued by the Central Bank of Ireland. Furthermore, there will be some changes in the Regulations and Guidance to enhance the Central Bank's client asset regime; on page 5 you will find a list of the main changes to the revised client asset regime. Looking at the Swiss market, the revision of the Swiss Collective Investment Schemes Act (CISA) brings many changes for representatives of foreign collective investment schemes which face new challenges. All representatives of foreign collective investment schemes must critically analyze their operational organization, prepare new representative and distribution agreements and, where appropriate, apply for a license. In UK the Financial Conduct Authority (“FCA”) launched its revised web pages for Collective Investment Schemes on the on hand and commences its thematic work on the review of fund charges on the other hand.