On Aug. 31, SWI AMAS extended the deadline for new products.
SWI AMAS issued cir 05/2023 extending for new products the applicability of the self-regulation on transparency, disclosure for sustainability-related collective assets (SR).
The existing SR (v.1) received several comments by the State Secretariat for International Finance (SIF) and SWI AMAS had been working on SR's amendments.
The amended SR (v.2) was submitted to the SIF before the summer of 2023; after a further meeting with SIF, the final version of SR (v.2.1) was submitted in Aug. 2023.
To avoid confusion with the SR's different versions, the deadline of Art. 30, para 3 is postponed re new products; SR (v.1) will be maintained into force until Sep. 30, 2023.
Effectiveness
New products will have to comply with SR (v.1) if they are submitted to SWI FINMA after Sep. 30, 2024, i.e., at the same time as existing sustainable products.
