The Swiss Financial Market Supervisory Authority – FINMA – has published up to date information on the status of the licensing process and supervision for portfolio managers and trustees. FINMA has also set out a new approach to thresholds for operating as a trustee on a commercial basis.
As of 31 December 2023, FINMA has approved 1,149 (70 percent) of the licence applications from portfolio managers and trustees received before 31 Dec...
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