The Swiss parliament has approved the partial revision to the Collective Investment Schemes Act (CISA) this week, following a proposal earlier this year.
Recent headlines about Switzerland have highlighted the slow death of banking secrecy, but its asset management industry is in just as much flux.
The Swiss Funds Association has criticised aspects of Switzerland’s proposed Collective Investment Schemes Act, saying it discriminates against the country’s financial sector and lacks measures to strengthen competitiveness.
The Swiss Funds Association (SFA) has strongly criticised aspects of Switzerland’s proposed Collective Investment Schemes Act (CISA), notably regarding discrimination against the Swiss financial sector and lack of measures to strengthen competitiveness.
Jonathan Boyd rounds up the best news and analysis from www.investmenteurope.net