The US Securities and Exchange Commission (SEC) will continue processing applications by the Finma Supervised Swiss entities wishing to conduct business as registered investment consultants (RIAS) in the US.
Swiss entities that offer investment advice and wealth management services and want to conduct businesses in the US on a cross -border basis must register with the Securities and Exchange Commission.
The processing of new registration applications has been suspended by the sec for several years.
The Securities and Exchange Commission will continue to process new and pending applications by Swiss assets immediately.
This is the result of discussions between Finma and Sec. The Finma and the Securities and Exchange Commission have clarified ways for the examinations of investment advisers based in Switzerland, which are also supervised by Finma, in accordance with the Swiss legislative framework (direct transmission of information in Article 42C Finmasa and on -the -art examinations in accordance with Article 43 Finmasa).
FINMA licenses wishing to receive more information on supervisory collaboration can contact the following address: ria@finma.ch.