On November 6, the Federal Council decided to bring the Financial Services Act (FinSA) and the Financial Institutions Act (FinIA) into force on 1 January 2020 and adopted the respective implementing ordinances (https://www.admin.ch/gov/de/start/dokumentation/medienmitteilungen.msg-id-76957.html).
As of next year financial service providers will have to operate in a changed regulatory landscape and will in some cases be subject to new licensing requirements. In addition, the offering of financial instruments will be newly and comprehensively regulated.
Since FinSA&FinIA are bringing about some quite drastic changes, the laws grant generous transitional periods. Financial service providers, therefore, have time to adapt to the changes. We are happy to help you with our information tool www.myfidleg.ch and with specific advice in the form of standardized packages.