Ein wirtschaftsrechtliches Konzept zur Steigerung der Wettbewerbsfähigkeit des Finanzplatzes Schweiz

Published: 10 February 1992
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    Partner, Head of Technology and Outsourcing
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    Banking and Finance

Insights

Insights 26.08.2024

Swiss sanctions against Russia – Partial implementation of the EU 14th Sanctions Package

Swiss sanctions against Russia – Partial implementation of the EU 14th…

On 21 August 2024, the Swiss Federal Council adopted a new set of sanctions against Russia, further aligning the Swiss sanctions with the European Union's 14th sanctions package. The newly adopted restrictions focus on several key areas, including a ban on Russian diamonds, extended deadlines for divestment transactions approval, and stricter financial and export controls. They are set to enter into force on 27 August 2024. Earlier this summer, SECO updated its "frequently asked questions" (FAQ) document to include clarifications on the definitions of ownership and control, as well as to address "ring-fencing" or "firewall" measures mitigating the effects of control, particularly concerning Swiss entities.

Insights 12.07.2024

Federal Council proposes changes to derivatives trading rules

Federal Council proposes changes to derivatives trading rules

On June 19, 2024, the Swiss Federal Council published a proposed revision of the Financial Market Infrastructure Act. Among a wide-ranging set of amendments relating to the Swiss market infrastructure and the Swiss market conduct framework, the Federal Council's draft bill also includes a range of amendments relating to derivatives trading rules, including to reporting obligations, counterparty categorization and cross-border transactions. The draft bill is open for comments until October 11, 2024.

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