Swiss Financial Services Act
Banque Pictet & Cie SA
The Swiss Financial Services Act (FinSA) is a set of regulations that came into effect on 1 January 2020. The aim of this these regulations is to increase boost investor protection and enhance transparency on the part of companies that provide financial services.
Pictet Asset Services
What is FinSA and what are its requirements ?
You can find general information about FinSA in this brochure.
What is the impact and how are the responsibilities pertaining to FinSA split between the custodian bank and external asset managers?
Pure custody services that are offered by Banque Pictet & Cie SA are not considered as financial service as per FinSA, therefore most of the new requirements must by complied with by the external asset manager. You can find more information about roles and responsibilities in the following brochure:
Fund managers, external asset managers and institutional clients – What are the financial services part of our offering governed by FinSA?
FinSA regulates the provision of financial services and the offering of financial instruments. As a dedicated business unit of Banque Pictet & Cie SA, Pictet Asset Services provides financial services that fall within the scope of this new regulation such as brokerage and cash management. You can find more information on which services are affected in the following brochure:
What are the general risks linked to investment services and products?
Risks are inherently linked to the provision of financial services, especially when investing in certain types of financial instruments. You will find the relevant information about these risks in these documents:
How does Banque Pictet & Cie SA safeguard the best execution of orders?
Another objective of FinSA is to safeguard the principle of best execution of orders when trading in financial instruments. You can find more information about the Bank‘s policy in this brochure: