• Service: Tax, International Tax
  • Type: Regulatory update
  • Date: 1/21/2014

Switzerland - Financial regulations may affect non-financial companies 

January 21:  Swiss companies that are not in the financial services sector need to be aware of effects of certain rules that, at first glance, only appear to affect the financial services industry.

For example, industrial and trading companies may be involved along the supply chain of over-the-counter (OTC) derivatives, which are regulated by the European Markets Infrastructure Regulation (EMIR). Non-financial companies will want to determine whether they are affected by EMIR, as well as similar proposed Swiss legislation (the Financial Market Infrastructure Act).

Likewise, both, non-financial entities as well as financial institutions could be affected by the U.S. law, the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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