Selected Innovations Regarding The Partial ISA Revisions (Part 1/3): Tied Assets

Key takeaways

• At the same time as the partially revised Insurance Supervision Act (ISA), the downstream implementing provisions, the revised Insurance Supervision Ordinance (ISO) together with the revised FINMA rules, the Insurance Supervision Ordinance-FINMA (ISO-FINMA) and the revised circulars, are to enter into force on January 1, 2024.
• Currently, the total revision of the ISO-FINMA as well as of various FINMA circulars (five will be continued, seven will be repealed) is also taking place. The associated consultation runs from August 22 to November 22, 2023.
• With regard to the investment regulations for the tied assets management, certain elements regarding both the investment limits and the use of derivatives are restated more flexibly.