FinSA mainly governs the provision of financial services as well as the offering of financial instruments and is intended to strengthen investor protection. In terms of content, FinSA is closely aligned with the European regulatory reforms and mainly covers the following areas:
- Enhancement of investor protection
- Transparency of financial products
- Revision of organizational requirements for the provision of services
FinSA applies to financial services provided to clients domiciled in Switzerland as well as to financial services provided in or out of Switzerland e.g. to foreign domiciled clients.