The companies, products and regulatory developments shaping the broker industry.
FINMA’s revised digital-identification circular took effect on 1 November, addressing electronic identity, QR documents and spoofing risks.
The first Berne Financial Services Agreement Joint Committee reviews take-up and supervisory experience as the 2026 UK–Swiss framework begins operating.
FINMA’s consultation runs until 27 November on revised guidance for direct information transmission to foreign recipients. The draft reflects a parliamentary amendment distinguishing supervisory disclosures from other purposes and a presumption of confidentiality safeguards.
The revised Swiss circular takes effect on 1 November 2026. Its transition provision matters for certain residence and liveness checks using qualified electronic signatures.
The fund receives an exemption from normal diversification requirements. BIT’s risk disclosure also permits temporary borrowing to meet liquidity shortages, potentially lifting exposure to 125% of net assets.
Swiss firms gain more ways to verify identity and residence from November. The final text also gives a limited transition for qualified-signature processes, while the national e-ID rollout follows its own timetable.
The latest review separates progress on loss-absorbing capital from the ability to preserve critical services. Recovery plans were approved for all three domestic systemic banks under tightened assessment criteria.
The approval introduces a Swiss-law investment fund for direct retail Bitcoin exposure, creating a different legal structure from the crypto ETPs already traded on SIX.
The revised circular sets conditions for Swiss e-ID and other digital identification methods. A one-year technical transition applies specifically to the qualified-electronic-signature process.