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FinSA / FinIA are just around the corner

According to the Federal Council's timetable, the Financial Services Act (FinSA - German only) and the Financial Institutions Act (FinIA - German only) are to enter into force on 1 January 2020. The results of the consultation (German only) on the corresponding Federal Council ordinances (FinSO and FinIO - both German only) are available. We expect the Federal Council to publish the definitive texts of the ordinances in October 2019. Only a few months remain until the new laws come into force. Even if generous transition periods are granted in some cases, financial service providers should adapt to the new circumstances in good time and take the necessary measures.

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