The deadline for foreign funds to appoint a Swiss representative and paying agent is approaching. The transition period defined by the Swiss regulator (FINMA) ends this week. Foreign funds distributed to qualified investors in and from Switzerland have to appoint a Swiss representative, and a Swiss paying agent (namely, a Swiss bank) no later than February 28th 2015.
There is no reason to wait since the steps to keep Switzerland open for your funds are simple.Plenty of funds already appointed Fundbase as their Swiss representative and we helped with the paying agent in all cases. Fundbase Fund Services combines unique online and offline exposure for your funds while always ensuring global regulatory compliance.