SWITZERLAND: Updates to Asset Management Association Switzerland Guidelines

Friday June 25 2021

As part of the Asset Management Association of Switzerland’s ongoing effort to finalize the implementation of the FinSA and FinIA, the following Asset Management Association Switzerland guidelines have been revised:

• Code of Conduct
• Guidelines for real estate funds
• technical guidelines (Guidelines for money market funds, Guidelines on the valuation of assets and the handling of valuation errors, Guidelines on the calculation and publication of performance data, Guidelines on the calculation and disclosure of the TER)

The provisions of the old Transparency Guidelines were also revised and integrated into the revised Code of Conduct. The Distribution Guidelines of 22 May 2014 and the KIID Guidelines of 20 January 2012 will cease to apply as of 31 December 2021.

The revised guidelines will come into force on 1 January 2022. They have not yet been recognised by FINMA as a minimum standard.

Guidelines valid as of 1 January 2022:

• Circular 01/2021
• Code of Conduct of the Asset Management Association Switzerland
• Guidelines for real estate funds
• Guidelines for money market funds
• Guidelines on the valuation of the assets of collective investment schemes and the handling of valuation errors in the case of openend collective investment schemes
• Guidelines on the calculation and publication of performance data of collective investment schemes
• Guidelines on the calculation and disclosure of the Total Expense Ratio (TER) of collective investment schemes

Click on the above link for further information.