AIFMD-Pass bald auch für Schweizer Asset Manager?

Am 30. Juli 2015 hat die Europäische Wertpapier- und Marktaufsichtsbehörde (ESMA) eine Stellungnahme über die Funktionsweise des Passport-Systems für Vermögensverwalter alternativer Investmentfonds in der Europäischen Union, sowie eine Empfehlung für die Anwendung des AIFMD-Passes für Drittstaaten veröffentlicht.

What is the future of the Swiss Solvency Test?

On 8 July 2015, the Swiss Financial Market Supervisory Authority FINMA put a revised package of circulars out for consultation. Many proposed changes have a direct and indirect impact on the Swiss Solvency Test (SST) and its use by Swiss insurers. The most significant impacts arise from the newly released circulars on public disclosure and ORSA.

New Swiss ORSA for insurers – first impressions

Driven by the need for the Swiss insurance supervision system to be considered equivalent with the EU's new Solvency II directive (SII), on 8 July 2015 FINMA released a consultation on new Own Risk and Solvency Assessment (ORSA) requirements for Swiss (re)insurers and captives. What does this require? Will it be a heavy burden?

Facts and challenges of the AML-Revision

The adaption to the recommendations of the FATF required the most comprehensive revision of the Swiss Anti Money Laundering regulation since 1998. Based on the amended Anti-Money Laundering Act (AMLA), FINMA fully revised the FINMA Anti-Money Laundering Ordinance (AMLO-FINMA). AMLA and AMLO-FINMA will enter into effect on 1 January 2016.

Impact of revised FINMA Circular on insurer investment guidelines

On July 8 2015, the Swiss Financial Market Supervisory Authority (FINMA) put out a revised package of circulars for consultation. One of these circulars concerns the investment guidelines for insurers, which has been completely revised since the 2008 version.

Impact of the SNB decision on SST reporting companies

On 23 February, FINMA responded to the current economic environment and required all SST (Swiss Solvency Test) reporting companies to add a chapter to their SST Report on the effect of the SNB decision to remove the euro cap and the lowering of the base rate.