Insights

The new version of the Federal Act on Financial Services (FinSA) audit programme for portfolio managers pursuant to Art. 17 of the Federal Act on Financial Institutions (FinIA), which has been drawn up on the basis of the suitability audit programmes published by FINMA and will become mandatory from 2026, will make the supervision of portfolio managers significantly more precise, risk-oriented and comprehensive.

The Financial Institutions Act (FinIA) and the Financial Services Act (FinSa) entered into force on 1 January 2020. These laws are specified by specific ordinances published by the Federal Council on 6 November 2019. Various transitional periods are provided for the implementation of the new requirements for asset managers. What do you as an asset manager need to bear in mind?