New Financial Services Act and Financial Institutions Act: SIX calls for fundamental adjustments

New Financial Services Act and Financial Institutions Act: SIX calls for fundamental adjustments

SIX in its submission on consultation generally welcomes the legislative project of the Financial Services Act (FSA) and Financial Institutions Act (FinIA). However, SIX rejects disproportionate tightening vis-à-vis the existing and functioning Swiss law and European regulation.

If the FSA/FinIA is implemented, the independent regulatory body SIX Exchange Regulation will apply to be a prospectus review body as required by the FSA.