Insights

Qualified participants, managing directors or board members of banks and other financial institutions that are licensed and supervised by FINMA will remember the forms with the inconspicuous designations B1, B2 and B3.

Since the end of the transition period on 1 January 2024, member institutions of the Swiss Bankers Association (SBA) have had to take into account the "Guidelines for financial service providers on the integration of ESG-preferences and ESG-risks into investment advice and portfolio management" in their new client business - for existing clients, the transition period runs until 1 January 2025. Below, we inform you about the main changes and outline the possible need for action for other financial service providers such as asset managers.