SWITZERLAND’S FIDLEG/LSFIN: HOW TO ENSURE SMOOTH IMPLEMENTATION AND MAXIMIZE THE VALUE OF INVESTMENT IN MIFID II COMPLIANCE
On 15 June 2018, the Federal Council (Switzerland) and the Council of States adopted FIDLEG/LSFin and FINIG/LEFin. The acts are expected to come into force on 1 January 2020 and introduce an entirely new framework of rules for Swiss financial intermediaries. The impact on the Swiss banking market players varies dramatically depending on whether they have already implemented MiFID II or not. In either case, it is of utmost importance to work on the new acts now to ensure smooth implementation.