FINMA distribution report on enhanced customer protection rules

In October 2010, the Swiss Financial Market Supervisory Authority („FINMA“) issued its comprehensive report on the regulation of the production and distribution of financial products to retail clients - status, shortcomings and courses of action („FINMA Distribution Report“). Based essentially on FINMA's findings of its investigations into the Madoff and Lehman cases, the report launches a discussion on an enhanced customer protection and identifies various courses of action that could contribute to the elimination of shortcomings under the current regulation. The suggestions put forward by FINMA are strongly based on the EU-rules. The report constitutes a discussion paper only and the implementation of possible measures into applicable law will take some time.

To the short summary (in English and German)
To the more detailed publication (in German)

Please get in touch with your usual contact at ALTENBURGER if you have any questions regarding this matter, alternatively, Mark Hippenmeyer and Melissa Gautschi are available via the switchboard numbers below.