News

News

Minor amendment to the FINMA Ordinance on Data Processing

The Swiss Financial Market Supervisory Authority FINMA is amending the FINMA Ordinance on Data Processing slightly with effect from 15 February 2019. It is adding to the list of data categories permissible in the data collection to monitor proper business conduct: from now on, persons may be entered in the data collection to monitor proper business conduct who have submitted a written admission of misconduct to an authority or have made a voluntary declaration.