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Federal Council brings Financial Market Infrastructure Act into force as at 1 January 2016
During its meeting today, the Federal Council brought the Financial Market Infrastructure Act (FMIA) and the Financial Market Infrastructure Ordinance (FMIO) into force as at 1 January 2016. Consequently, new rules that are consistent with the current international standards in the area will apply in Switzerland for financial market infrastructures such as trading venues and central counterparties, as well as for derivatives trading.
Federal Council adopts dispatch on automatic exchange of information in tax matters between Switzerland and EU
Today, the Federal Council adopted the dispatch on the agreement regarding the automatic exchange of information (AEOI) in tax matters with the EU and submitted it to Parliament for approval.