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New Unified Supervision of Financial Institutions and Financial Intermediaries in Switzerland

July 2009 - Finance. Legal Developments by Walder Wyss Ltd.

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The Federal Law concerning Federal Financial Market Supervision (FINMAG), which created the Financial Market Supervisory Authority (FINMA), enters into full force at the beginning of 2009 and will then place the enforcement of seven federal laws central to the supervision of the financial services industry under FINMA’s unified regulatory roof. This NewsLetter outlines the major features of FINMAG and FINMA.

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