By Corinne Nobs
On 15 June 2018 Parliament adopted the Financial Services Act (FinSA) and the Financial Institutions Act (FinIA). The FinSA contains code of conduct provisions with which financial services providers must comply vis-à-vis their clients.
The FinIA essentially harmonises the authorisation rules for financial service providers. Both laws are expected to come into force with the implementing ordinances on 1 January 2020.