The impact of MiFID II on the Swiss financial sector: Part II

The Markets in Financial Instruments Directive (MiFID) II and regulation (MiFIR) provide for a new third-country regime in the regulation of the EU financial market. With the entry into force of the Financial Services Act (FinSA) and the Financial Institutions Act on 1 January 2020, Switzerland has followed the path of voluntary alignment with the EU regulation.