Over 1,000 Institutions Shun Swiss Regulator’s License Application
A total of 1,060 institutions comprising portfolio managers and trustees have notified the Swiss Financial Market Supervisory Authority (FINMA) that they will not be submitting a license application as required by the country’s Financial Institutions Act (FinIA) which came into force on January 1, 2020. This is even as the three-year transitional period granted to […]