For some financial products, Swiss legislation provides for reporting requirements similar to those laid down in European regulations. With our services, you can create and distribute the corresponding documents without significant additional effort.
Based on the Swiss legislation, the “Bundesrat” passed the Swiss Financial Services Act (FinSA) together with the Financial Institutions Act (FinIA) on June 15, 2018, financial institutions in the Swiss market need to adhere to financial market regulations, which are quite similar to the European regulations MiFID II and PRIIPs.
This includes in particular:
Scope of products to be covered:
The Swiss FinSA covers a similar scope to European PRIIPs. Most important to note though is that OTC products are not covered by the Swiss FinSA. Of course, this does not release the point of sales from the responsibility to hand out a PRIIP KID to an EEA (European Economic Area) resident, even if booked by a Swiss bank.
The OTC KID generator creates and provides PRIIP KIDs for OTC products, such as forward exchange contracts or interest rate options and a lot of other structures available in our Service.
Every generated OTC KID is stored in our unique docArchive proposition with a geo-redundant cloud archive.
Swiss docRepository FinSA banking distribution clients
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