FINcontrol Suisse is the fourth supervisory body authorised by FINMA   On September 29, 2020, the Financial Market Supervisory Authority (FINMA) granted the authorization to FINcontrol Suisse SA to operate as a supervisory organisation in the regulatory framework of FinIA and FinSA. The company is based in Zug and is the fourth authorised body, following...Read More

The Swiss Parliament revises law on stock corporations   On June 19, 2020, the Swiss Parliament approved the revision of the Swiss law on stock corporations (Company Law), which aimed at introducing simplifications (such as new provisions for the use of technology in support of general meetings) while allowing for greater flexibility and protection of...Read More

Switzerland declares Privacy Shield with USA non-compliant   In light of the recent case law of the European Court of Justice (ECJ) on the protection of personal data in the context of the Privacy Shield between the US and the EU, Switzerland has been reassessing the conformity of the Privacy Shield to the Federal Act...Read More

Taxes payable by cryptocurrency make Switzerland a leader in the implementation of crypto assets   Thanks to its collaboration with Bitcoin Swiss, Canton Zug announced that it will accept tax payments by Bitcoin and Ether (for both companies and private individuals) up to an amount of CHF 100.000, starting from February 2021, becoming the first...Read More

FINMA releases clarification upon trustees’ licence   Following requests coming from various interest groups of the Swiss trust sector, FINMA recently released clarifications with respect to the information to be submitted by operators as part of the application for a trustee licence. The application form made available on FINMA’s platform required to provide details on...Read More