// 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.
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.