11.01.2019
// Financial Law Update

New Fintech Licence

Since 1 January 2019 it is possible to apply for a so-called Fintech Licence with FINMA. This new type of licence enables its holders to accept public deposits of up to CHF 100 million, subject to simplified requirements compared to the requirements for banking licences. By making this amendment, the Swiss lawmaker has taken a further step towards reducing regulatory hurdles for the implementation of innovative business models in the financial sector.

To read the full article in German, please click here.

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Matthias Hirschle

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