Regulatory Alerts2021-03-04
FINMA Circular 2017/6 Direct Transmission of Non-Public Information
The Swiss Financial Market Supervisory Authority issued this circular to define the conditions under which supervised parties may transmit non-public information to foreign supervisory authorities and entities. It establishes strict requirements regarding the principles of speciality and confidentiality, mandates the preservation of client rights, and outlines specific categories of information that require compulsory prior reporting to FINMA. The document further details the procedural obligations for supervised entities to ensure compliance with Swiss financial market supervision laws during cross-border data transfers.
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