Switzerland: ICO for financial startups

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Switzerland: Finma’s new rules on outsourcing for banks and insurance companies

By Rashid Bahar and Martin Peyer On 5 December 2017, the Swiss Financial Market Supervisory Authority FINMA published its new circular 2018/3 Outsourcing – Banks and Insurance Companies. In contrast to the current rules, the new circular not only covers banks and securities dealers but is also applicable to insurance companies…

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