Switzerland implements national strategy against cyber-risks The Federal Council Cyber Committee recently adopted the 2018-2022 report on the progress made in implementing the national strategy for the protection of Switzerland against cyber-risks (NCS). The  NCS specifies the strategic goals for protecting against cyber-risks and it covers the current implementation status of the plan.  As of...Read More

AEOI: The Swiss Federal Council adopts new Ordinance Following the assessment of the Global Forum on Transparency and Exchange of Information for Tax Purposes on the implementation in Switzerland of the standard for the international automatic exchange of information in tax matters (AEOI standard), on November 11 2020, the Swiss Federal Council approved the amended...Read More

Ombudsman affiliation requirement: new limitations On 25 September 2020, Parliament adopted the Federal Act on the Adaptation of Federal Law to Developments in Distributed Ledger Technology (DLT bill), with the aim to keep Switzerland a leading, innovative and sustainable location in the blockchain and DLT sector. As part of the parliamentary deliberations on the DLT,...Read More

FINMA issuing regulation implementing FinSA and FinIA The Financial Market Supervisory Authority (FINMA) recently held a consultation with the aim to issue regulation implementing the Financial Services Act FinSA and the Financial Institutions Act FinIA. The consultation’s outcome is the following: FINMA will make adjustments to the existing ordinances and circulars; It will issue a...Read More

Swiss Parliament approves final draft of New Data Protection Act   On 25 September 2020, the Swiss Parliament approved the final draft of the revised Data Protection Act (rev-DPA), with the aim to modernise its data protection laws and align it to the latest EU General Data Protection Regulation (GDPR). The rev-DPA could still be...Read More