In a long-awaited decision, the Court of Justice of the European Union (CJEU) has invalidated the EU-US Privacy Shield, a framework governing data transfers between the EU and the US. Good news, however, the transfer of personal data based on standard contractual clauses is still allowed.
FINMA has authorised two supervisory organisations responsible for the future supervision of portfolio managers and trustees.
As of 24 June 2020 the FINSA client advisor registry and ombudsman have been licensed. To get a certificate of knowledge and know-how, the FINSA Client Advisor Test is the only recognised online certificate that shows sufficient proof for it.
The outbreak of the highly contagious and rapidly spreading COVID-19 virus is continuing to have a significant impact across the globe. Not only have travel restrictions and the concern of getting infected changed everyday life completely, there have also been drastic changes in the working world. Wherever possible, working from home has become the norm.