Regarding the deadlines you have to meet, you will find them below:
For companies that started their portfolio management or trustee activity before 1 January 2020, the deadlines are as follows:
For companies that started their activity during 2020, the deadlines are as follows:
They may continue to operate until a decision has been taken on the FINMA authorization if:
- Immediate announcement to FINMA
- Immediate compliance with authorisation conditions
- Immediate affiliation to the ARIF SRO
For companies that wish to start their portfolio management or trustee activity in 2021: In this case, the law does not provide for a transitional period. These companies may only start their activities if they are affiliated to the OSIF and authorised by FINMA.