Lighter touch for foreign funds in Switzerland

Author: | Published: 11 Dec 2018

New rules are expected to alleviate the regulatory burden surrounding the offering of foreign funds in Switzerland

Switzerland continues to be an extremely attractive fundraising market for funds across the globe. Of the assets managed worldwide, the share of Swiss financial institutions is about 27.5%. In absolute numbers, as of November 2018, the aggregate value of the assets managed in Switzerland amounted to CHF 7.291 trillion (approximately $7.325 trillion). Unsurprisingly, many foreign funds are interested in tapping the Swiss market and, therefore, the regulation of cross-border fund offerings in Switzerland is highly relevant, in particular, since the regulatory regime is in the process of being amended....