Sandbox and settlement accounts: FINMA amends circular
(WorldNews Switzerland)

The Swiss Financial Market Supervisory Authority FINMA is specifying its supervisory practice in connection with the Federal Council`s new FinTech regulations. This entails amendments to its circular `Public deposits with non-banks`, which are subject to a consultation ending on 16 October 2017. The amendments concern the new sandbox concept and the extended timeframe for settlement accounts. FINMA is specifying its...