Newsletter 653: FinSO, FinIO and SOV: Federal Counsel finalizes ordinances
Dear Sir or Madam
Dear Member
The Swiss Federal Counsel has finalized the respective ordinances to FinIA and FinSA and puts both the laws and ordinances into force on 1 January 2020.
As already announced last week, please find attached the English version of the factsheet summarizing our initial assessment and annotation on the new regulations.
Kind regards
VQF
Financial Services Standards Association
Please note that only the German version is legally binding.