Switzerland: Extension of authorisation to financial technology firms in Bill amending the Federal Act on Banks and Savings Banks
Progress
Current status
in force
01 Jan 2019 in force
Scope
Implementers
Switzerland
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Bill amending Federal Act on Banks and Savings Banks including authorisation for financial technology firms enters into force
On 1 January 2019, the Bill amending the Federal Act on Banks and Savings Banks, including authorisation for financial technology (fintech) firms, enters into force. The authorisation framework introduces a special licence allowing companies to acce…
SourceEvent type
law
Action type
implementation
Government branch
executive
Government body
central government