The legal framework in Switzerland

With the modifications to the legal environment established in the new Swiss Federal law and the modifications brought into ordinances and directives, one can conclude that the Swiss legal framework is close to the EU legal framework (including MiFID) today.

Directives, guides, circulars and checklists issued by the Swiss Financial Market Supervisory Authority
Document Language
EN FR DE
FINMA request: modification of UCITS IV fund documents, 2013 (only available in FR, DE) X
Checklist semi-annual reports, 2015 (only available in FR, DE) X
Checklist annual reports, 2015 (only available in FR, DE) X
FINMA Circular 2013/9: Distribution of Collective Investment Schemes
FINMA Circular 2008/10: Self-regulation as a minimum standard
FINMA request: authorisation of a UCITS IV fund, 2013 (only available in FR, DE) X
Guidelines and circulars issued by the Swiss Funds Association (SFA)
Document Language
EN FR DE
Guidelines on the calculation and disclosure of the Total Expense Ratio (TER) of collective investment schemes, 2015
Guidelines on the calculation and publication of performance data of collective investment schemes, 2013
Transparency Guidelines, 2014
SFAMA Code of Conduct, 2014
Guidelines on the distribution of collective investment schemes, 2014
Other documents issued by the Swiss authorities
Document Language
EN FR DE
VAT Info 14 concerning the Financial sector, 2010 (only available in FR, DE) X
Federal laws and ordinances
Document Language
EN FR DE
Federal Act on Collective Investment Schemes (CISA), of 23 June 2006 (Status as of 1 January 2015)
SFBC Money Laundering Ordinance (MLO SFBC) (only available in FR, DE) X
Anti-Money Laundering Act (AMLA), as amended in 2009
Banking Ordinance (only available in FR, DE) X
Collective Investment Schemes Ordinance (CISO), of 22 November 2006 (Status as of 1 January 2015)
FINMA Collective Investment Schemes Ordinance (CISO-FINMA) of 27 August 2014 (Status as of 1 January 2015)