Regulatory Alerts2024-10-31
FINMA Circular 2025/2 Conduct Requirements under the Financial Services Act and Financial Services Ordinance
The Swiss Financial Market Supervisory Authority (FINMA) issued Circular 2025/2 to specify the implementation of conduct requirements under the Financial Services Act (FIDLEG) and Financial Services Ordinance (FIDLEV) for supervised financial service providers. The circular mandates strict adherence to information duties, suitability and appropriateness assessments, conflict of interest management, and transparency regarding third-party compensation and securities lending. A transitional period of six months is granted for the implementation of specific provisions regarding risk disclosure and compensation information, expiring on June 30, 2025.
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