Financial Crime World

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FINMA Deadline Looms for Portfolio Managers

Only a minority of Swiss portfolio managers and trustees have applied for authorization with the Financial Market Supervisory Authority (FINMA) since the entry into force of various financial regulations. Many are still waiting for the outcome of the approval process, while others are considering restructuring their businesses or retiring.

Deadline Approaches

The deadline for portfolio managers to submit an application to FINMA is December 31, 2022. Additionally, FINMA recommends that they submit an application to a supervisory organization (SO) by June 30, 2022.

In response to this challenge, PwC Switzerland has published a new Strategic Regulatory Foresight report, which provides guidance on the regulatory changes and their impact on the asset management industry.

“We understand the complexity of these regulations and are here to support our clients in navigating this challenging landscape,” said Dr. Antonios Koumbarakis, Head Sustainability & Strategic Regulatory at PwC Switzerland.

Key Focus Areas

The report highlights key areas that portfolio managers must focus on, including:

  • Risk management
  • Anti-money laundering (AML) compliance
  • Sustainable finance

Get Support from PwC Switzerland

To learn more about how PwC Switzerland can help you navigate these regulatory changes, please contact Dr. Antonios Koumbarakis or Sofia Jaccard from our Sustainability & Strategic Regulatory team.

About PwC Switzerland

PwC Switzerland is a leading professional services firm that provides assurance, tax, and advisory services to clients across various industries. Our experts have in-depth knowledge of the financial regulations and can help you navigate these complex changes.

Contact Us

If you’re interested in learning more about how PwC Switzerland can support your portfolio management needs, please reach out to:

  • Dr. Antonios Koumbarakis, Head Sustainability & Strategic Regulatory
  • Sofia Jaccard, Sustainability & Strategic Regulatory team member

Both can be contacted at PwC Switzerland.