12/02/2013
Swiss Funds Association announces priorities for 2013
The Swiss Funds Association (SFA), which in 2012 celebrated 20 years in existeince, on 11 February unveiled its priorities for the year 2013. The professional association will very closely monitor the enactment of partial revisions to the Swiss federal law on collective capital investments (LPCC), to take the interests of asset management more fully into account. The SFA is also planning to develop the strategy of Switzerland in asset management, and “position SFA as the representative of all interessts of all managers of collective capital investments.” The association is also planning simultenous regulatory and fiscal lobbying concerning planned legislation, particularly the law on the provision of financial services (LSF). The SFA states that as of the end of the past year, 7,500 collective capital investments, compared with 7,462 in 2011, were listed for sale to the public, of which 1,382 (1,403 as of the end of 2011) were registered in Switzerland, and 6,118 registered abroad (6,058 as of the end of 2011). the volume placed in funds authorised by Finma has increased by about 13%, to CHF712bn, from CHF631bn one year previously. The SFA had 179 members as of the end of December 2012.
