Release of the drafts of
Financial Services Ordinance (FinSO)
Financial Institutions Ordinance (FinIO)
Supervisory Organisation Ordinance (SOO)

FIRST CONCLUSIONS

On 15 June 2018, Swiss Federal Parliament has approved the Financial Services Act (FinSA) and the Financial Institutions Act (FinIA). On 24 October 2018, Swiss Federal Council has released the first drafts of the above mentioned ordinances to these acts.
The consultation period on these drafts will expire on 6 February 2019. The final versions of the ordinances are expected to be released in the the autumm of 2019, thus just some few months before the entry into force of the acts and the ordinances which will most likely be on 1 January 2020.
The first and preliminary conclusions of these draft ordinances can be summarized as follows:



Page 2 of 3

© 2019 FIDLEG SOLUTION. All rights reserved.