Last year, the Swiss Financial Market Authority (FINMA) adopted a new enforcement policy setting out the general principles of its approach in sanctioning violations of supervisory laws. One of its stipulations is that enforcement should be made visible.
This recently released report on FINMA’s enforcement activities in 2014 is part of those efforts. The report shows that FINMA became very active and concluded a total of 1,358 investigations. Click here to see the full report
As a reminder, compliant access to Switzerland is very simple. Foreign fund managers only need to appoint a Swiss representative and a paying agent to continue to approach qualified investors in Switzerland.