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ARTICLE · 05 JULY 2022

Briefing For Switzerland (2022)

Dillon Eustace
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The changes come into force following the expiration of the transition period for new requirements under the Swiss Financial Services Act which came into effect in January 2020.

European UnionFinance and Banking
Tara O'Callaghan
Tara O'Callaghan
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New Requirements for Key Information Documents

With effect from 1 January 2023 foreign funds registered to market in Switzerland or marketing to specific categories of qualified investors in Switzerland will be required to prepare Swiss versions of their EU PRIIPs-KIDs or separate Swiss Key Information Documents.

The changes come into force following the expiration of the transition period for new requirements under the Swiss Financial Services Act (FinSA) which came into effect in January 2020.

These provisions also apply to foreign funds which are registered with the Swiss Financial Market Supervisory Authority (FINMA) or offered to qualified investors only in Switzerland in respect of investors which are private clients under FinSA or a non-discretionary client.

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