Switzerland

Details

  • Service: Financial Services, Regulatory Services
  • Industry: Banking
  • Type: Business and industry issue, Regulatory update
  • Date: 4/24/2012

Services from third countries: What are the regulatory challenges? 

Cross-border business origination from third countries will be subject to detailed regulations. Markets in Financial Instrument Directive 2 (MiFID 2) and Markets in Financial Instruments Regulation (MiFIR) call for increased rules for third country providers of securities services and investment activities from non EU-countries.
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As proposed in MiFID 2, in the future, services to retail clients can only be offered through an authorised and regulated branch within EU borders.

 

  • Key Points of Authorisation
  • Equivalency recognition following MiFID 2 and MiFIR
  • What are the impacts for third country firms?
  • What should banks from third countries do?
 

Road to compliance

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Regulatory Services

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Recent economic developments have brought about significant changes, especially in the financial services sector.

Cross Border Financial Services

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What services can fiancial institutions and their client advisors offer in cross-border business transactions?