Compliance
Compliance Corner: St Gotthard Fund Management, FINMA
The latest compliance news: regulatory developments, punishments, guidance, permissions and new product and service offerings.
St Gotthard Fund Management
St
Gotthard Fund Management has obtained the Swiss Financial
Market Supervisory Authority (FINMA) licence as a portfolio
manager.
The licence will be required by 2023 under the Swiss Financial
Services Act (“FinSA”) and the Swiss Federal Act on Financial
Institutions (“FinIA”).
“Being among the first of over 2,000 external asset managers in
Switzerland to obtain the licence is a great recognition of our
diligence and continued commitment to applying the highest
industry standards,” Stefan Bollhalder, chief executive and
co-founder of STGFM, said. “This milestone ushers in the next
phase of actively growing our asset base. There are many
like-minded client advisors with an existing client book who are
today unwilling to directly obtain their own FINMA licence, and
STGFM is now open and ready to onboard them.”
SwissComply Ltd acted as STGFM’s compliance partner.
To see an article about FINMA’s objectives for the regulatory
changes,
click here.
