Swiss Funds Association outlines its priorities for 2013
In 2013, the Swiss Funds Association (SFA) will focus on the partial revision of the Collective Investment Schemes Act (CISA) and the new asset
In 2012, the association said today in a note, there was no shortage of challenges for the fund and asset management industry, with examples including the euro crisis, hesitant investors, and the glut of regulation.
In this environment for the financial sector as a whole, the SFA was actively involved in ensuring that the industry increasingly stands together and speaks as one.
“It is only with this unity that our concerns will be noticed and taken on board by politicians and the authorities. The particular highlights I would mention from the past year were the successful conclusion of the partial revision of the CISA, and the drawing up of the strategy on asset management. The focus now must be on consistently seizing the opportunities they open up,” said SFA President Martin Thommen.
The following themes will be at the forefront for the SFA in 2013: representing the interests of the fund and asset management industry in influencing the implementation of the partial revision of collective investment schemes in supervisory practice; working together with partners on the ongoing development of the strategy for asset management in Switzerland; focusing lobbying with regard to regulatory and tax matters on upcoming legislative projects, in particular the Swiss Financial Services Act; bolstering the SFA’s platforms and further expanding political relations / lobbying.
At the end of 2012, there were 7,500 collective investment schemes authorized for public sale in Switzerland, of which 1,382 were products under Swiss law (1,403) and
6,118 foreign-law products (6,058).
The volume of assets placed in funds authorized by FINMA increased by around 13% to CHF 712bn, compared with CHF 631bn in 2011.