// Financial Law Update
Implementation of the reporting duty pursuant to article 104 FMIA – The Swiss Financial Market Supervisory Authority FINMA announces the authorization respectively recognition of trade repositories
On April 3, 2017, the Swiss Financial Market Supervisory Authority FINMA announced the authorization of a Swiss trade repository as well as the recognition of a foreign trade repository. This authorization respectively recognition has triggered the transition periods for the fulfillment of the reporting duty pursuant to art. 104 FMIA.
NFTs in Metaverse: Do Trademark Owners need to register their Trademarks for Virtual Goods and Services?
“Nike Sold an NFT Sneaker for USD 134’000”: This York Times headline of May 26, 2022 and similar headlines regarding virtual goods in Metaverses or NFT Trade Platforms have made us realize that NFTs are not only for digital art but also a huge market for brand products.
New Proposal for Swiss Corporate Tax Reform
The Steering Committee representing the cantons and Swiss Federation issued its recommendation regarding the implementation of a modified corporate tax reform to the Swiss Federal Council on June 1, 2017. The corporate tax reform has been renamed the Tax Proposal (“T.P. 17”) and is, in general, based on the Corporate Tax Reform III (“C.T.R. III”), which was rejected on February 12, 2017, by Swiss voters.