The Swiss Financial Market Supervisory Authority – FINMA – has now approved 70 percent of licence applications from portfolio managers and trustees received before 31 December 2022.
This accounts to 1,149 license approvals from applications received before 31 December 2022.
Since December 2022, 63 institutions (representing four percent) have withdrawn their applications, while the remaining 487 (26 percent) are more complex and will take longer to finalise, FINMA s...
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