Regulatory training of rules of conduct, registration with a client adviser register, affiliation with an ombudsman’s office

Sin­ce the new re­spec­tive­ly re­vi­sed fi­nan­ci­al mar­ket laws and the re­la­ted or­di­nan­ces ca­me in­to force as of 1 Ja­nu­a­ry 2020, in ad­di­ti­on to the me­re of­fe­ring of and the ad­ver­ti­sing for funds, al­so the me­re “fund dis­tri­bu­ti­on” is re­gu­la­ted, pro­vi­ded that such ac­tivi­ty is con­side­red a fi­nan­ci­al ser­vice.

If a fi­nan­ci­al ser­vice is in­vol­ved, the fol­lo­wing must be con­side­red in­ter alia:

  • the cli­ent ad­vi­ser ac­tive at the point of sa­le in Swit­z­er­land of a fi­nan­ci­al ser­vice pro­vi­der must be re­gi­ste­red in a re­gi­ster of cli­ent ad­vi­sers un­less an ex­cep­ti­on ap­plies;
  • the fi­nan­ci­al ser­vice pro­vi­der must en­su­re that the cli­ent  ad­vi­sers ac­tive in Swit­z­er­land pos­sess the ne­cessa­ry ex­per­ti­se and suf­fi­ci­ent know­ledge of the ru­les of con­duct re­qui­red for their ac­tivi­ties;
  • the fi­nan­ci­al ser­vices pro­vi­der must be affi­lia­ted with an om­buds­man’s of­fice and ha­ve the pro­fes­sio­nal lia­bi­li­ty in­suran­ce re­qui­red by law.

FIFS of­fers a prac­tice-ori­en­ted trai­ning for the cli­ent ad­vi­sers working at the point of sa­le re­gar­ding the ru­les of con­duct to be ob­ser­ved in Swit­z­er­land. This is to en­su­re that your cli­ent ad­vi­sers al­ways meet the re­gu­la­to­ry ob­li­ga­ti­ons to in­ve­stors in Swit­z­er­land. The FIFS re­gu­la­to­ry trai­ning is ap­pro­ved by BX Swiss as pro­of of suf­fi­ci­ent know­leg­de of the ru­les of con­duct. Ad­di­tio­nal­ly, FIFS of­fers sup­port for the re­gi­stra­ti­on of cli­ent ad­vi­sers and when affi­lia­ting with an om­buds­man’s of­fice.