Rules on retrocessions under MIFID II

This issue of FIDLEG SOLUTION - News 11/2018 brings closer to you the provisions of MiFID II on retrocessions (also called inducements) which can also apply to Swiss financial services providers. In the next issue of FIDLEG SOLUTION - News we will then analyse the rules on retrocessions according to Swiss law, in particular the new Swiss Financial Services Act (FinSA) and the new Financial Institutions Act (FinIA).

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


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.