Gaps and Overlaps of SEC Regulations versus FIDLEG/FINIG: Are you ready?

As we all know, the introduction of the Swiss Financial Services Act and the Financial Institutions Act is in full swing, with most RIAs seemingly well into the FINMA registration process.

The objective of this presentation is to compare and contrast the regulatory regimes, present which elements of FIDLEG/FINIG RIAs already have covered due to the requirements of the SEC registration and the gaps that need to be filled – actions required.

We will go through the sections of the new Swiss regulatory regime and framework which relate directly to asset managers, mapping them against the SEC regulatory framework. The intent is to provide you with an overview of commonalities and differences. I.e., outline what you already have in place as an SEC RIA and highlight what needs to be upgraded, improved and what needs to be developed new. While looking at the integration of U.S. and Swiss compliance requirements.