Financial Services Act (FinSA)
English is not an official language of the Swiss Confederation. This translation is provided for information purposes only, has no legal force and may not be relied on in legal proceedings.
Art. 93 Implementing provisions
The Federal Council shall issue the implementing provisions.
Art. 94 Amendment of other legislation
The amendment of other legislative instruments is set out in the Annex.
Art. 95 Transitional provisions
1 The Federal Council may make provision for a transitional period for fulfilment of the requirements set out in Article 6. 2 The client advisers in accordance with Article 28 must report to the registration body for entry in the register within six months of this Act coming into force. 3 Financial service providers must be affiliated to an ombudsman's office in accordance with Article 74 within six months of this Act coming into force. 4 The provisions of Title 3 of this Act will come into force two years after this Act comes into force: a. in the case of securities for which a public offer was made or a request was made for admission to trading on a trading venue before entry into force; b. in the case of financial instruments that were offered to retail clients before entry into force. 5 The Federal Council may extend the time frame under paragraph 4 for securities if this is warranted by a delay in the reviewing body commencing operations.
Art. 96 Referendum and commencement
1 This Act is subject to an optional referendum. 2 The Federal Council shall determine the commencement date. 3 This Act shall only come into force with the FinIA. Commencement date: 1 January 2020
Para. 3 — SR 954.1 Para. 3 — O of 6 Nov. 2019 on the Final Commencement of the Financial Institutions Act (AS 2019 4631).