Download the full PDF guide above.
Financial institutions in Switzerland are regulated by the principle law – the Financial Market Supervisory Act (“FINMASA”) which aids as an “umbrella law” for other regulations surrounding financial market supervision. The regulatory authority responsible for banking regulation is the Financial Market Supervisory Authority (“FINMA”).
They focus on:
Protecting investors and/or individuals; and ensuring the overall financial system is stable and functioning properly.
For those interested in opening a bank in Switzerland, one must first get authorisation from FINMA before conducting any business activities. This comparative legal review looks into three (3) different types of banking licenses, what their conditions and exemptions are, and the licensing flow chart. Download the full PDF guide here.
lecocqassociate provides a full range of financial regulatory, corporate and commercial advice in relation to the structuring and incorporation of financial entities.
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