13 janvier 2021 I Briefing

FinSA: Exemption from the Registration Duty for Client Advisers of Foreign Financial Services Providers

Under the Swiss Financial Services Act (FinSA), client advisers of foreign financial services providers that render financial services in Switzerland or to Swiss based clients are required (as individuals) to register in a client adviser register maintained by an admitted Swiss registration body. Financial services providers that are already active in Switzerland must ensure that their client advisers apply for registration by 19 January 2021. After this date, a completed registration will be required before a client adviser starts its activities.

Bär & Karrer Briefing January 2021

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