Switzerland: Federal Council closes consultation on amendment to Financial Institutions Act, including data protection regulation

On 6 February 2026, the Federal Council closes the consultation on the amendment to the Financial Institutions Act, including data protection regulation. The amendment sets out rules for fulfilling information and reporting obligations to the Swiss Financial Market Supervisory Authority (FINMA). It requires correspondence to be conducted electronically via a FINMA-provided platform for all authorised, recognised, admitted, or registered entities, as well as audit firms. It also specifies that FINMA would ensure data authenticity and integrity and may require submissions in structured formats. The amendment empowers FINMA to regulate the format, modalities, and data standards for electronic submissions.