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Réglementation – CDBF
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text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/bahar/"> <img alt="Rashid Bahar" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2021/01/bahar-rashid-201113-1290-mdh-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/bahar/">Rashid Bahar</a> — 22 novembre 2024 </h6> <div class="text-left intro mb-2"> <p style="text-align: justify;">La FINMA a publié sa nouvelle <a href="https://www.finma.ch/fr/~/media/finma/dokumente/dokumentencenter/myfinma/rundschreiben/finma-rs-2025-02-20241122.pdf?sc_lang=fr&hash=6E0E221F4F0CB5D5A864C3D21EBD3BC6" target="_blank" rel="noopener">circulaire 2025/2</a> qui entrera en vigueur le 1<sup>er</sup> janvier 2025. Sur le fond, la procédure de consultation mouvementée (voir Bahar, <a href="https://cdbf.ch/1350/" target="_blank" rel="noopener">cdbf.ch/1350</a>) ne conduit qu’à des adaptations marginales. Entre autres, la FINMA demande plus de transparence sur la performance des clients ayant investi dans des opérations sur différence (<em>contract for difference</em>) et interdit expressément les incitations à investir dans des instruments financiers « maison » lorsqu’ils sont en concurrence avec les produits de tiers.</p> </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/loi-sur-les-services-financiers/">Services financiers</a> <a rel="category tag" href="https://cdbf.ch/category/finma/">FINMA</a> <a rel="category tag" href="https://cdbf.ch/category/reglementation/">Réglementation</a> </h6> </div> </div> </article> </div> <div class="col-lg-6"> <article class="item mb-5 " data-aos="fade-up"> <div class="row"> <div class="col-12"> <h3 class="h4 card-title mb-3"> <a href="https://www.parlament.ch/press-releases/Pages/mm-wak-s-2024-11-15.aspx" target="_blank" class="">Le contrôle des investissements étrangers en Suisse à nouveau sur la sellette ?</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/lukaz-samb/"> <img alt="Lukaz Samb" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2023/11/lukaz-samb-1280x600-rgb-dl-e1699956634251-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/lukaz-samb/">Lukaz Samb</a> — 18 novembre 2024 </h6> <div class="text-left intro mb-2"> <p style="text-align: justify;">Dans un communiqué de presse du 15 novembre dernier, la Commission de l’économie et des redevances du Conseil des États (<strong>CER-E</strong>) a annoncé qu’elle renonçait à entrer en matière sur le <a href="https://www.fedlex.admin.ch/eli/fga/2024/125/fr" target="_blank" rel="noopener">projet de Loi fédérale sur l’examen des investissements étrangers</a>. Vivement critiqué par le Conseil fédéral, ce projet avait vu son champ d’application largement étendu, au-delà des seuls investisseurs étatiques étrangers, par le Conseil national en septembre passé. Affaire à suivre.</p> </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/reglementation/">Réglementation</a> <a rel="category tag" href="https://cdbf.ch/category/reglementation-bancaire/">Réglementation bancaire</a> </h6> </div> </div> </article> </div> <div class="col-lg-6"> <article class="item mb-5 " data-aos="fade-up"> <div class="row"> <div class="col-12"> <h3 class="h4 card-title mb-3"> <a href="https://www.finma.ch/fr/news/2024/11/20241111-mm-aufsichtspruefung/?pk_campaign=News-Service&pk_kwd=La%20FINMA%20publie%20une%20nouvelle%20ordonnance%20et%20une%20version%20totalement%20r%C3%A9vis%C3%A9e%20de%20sa%20circulaire%20sur%20les%20activit%C3%A9s%20d%E2%80%99audit" target="_blank" class="">Audit prudentiel : nouvelle ordonnance et révision de la circulaire</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/besart-buci/"> <img alt="Besart Buci" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2024/02/2x7a4579-modifier-scaled-e1708346697776-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/besart-buci/">Besart Buci</a> — 11 novembre 2024 </h6> <div class="text-left intro mb-2"> <p style="text-align: justify;">Afin de se conformer aux<a href="https://www.fedlex.admin.ch/eli/cc/2020/23/fr#art_16" target="_blank" rel="noopener"> art. 16 de l’ordonnance relative à la loi sur la surveillance des marchés financiers</a> et <a href="https://www.fedlex.admin.ch/eli/cc/2008/736/fr#art_7" target="_blank" rel="noopener">7 LFINMA</a>, la FINMA a transposé sa circulaire 2013/3 « Activités d’audit » dans une <a href="https://www.finma.ch/fr/~/media/finma/dokumente/dokumentencenter/anhoerungen/laufende-anhoerungen/20240312-aufsichtspruefverordnung/20241111-verordnung_de_vorpublikation.pdf?sc_lang=fr&hash=A514C2E7B62E3FA124BF49A5CEA9D26A" target="_blank" rel="noopener">nouvelle ordonnance</a> et a naturellement révisé intégralement ladite circulaire. La <a href="https://www.finma.ch/fr/~/media/finma/dokumente/dokumentencenter/myfinma/rundschreiben/finma-rs-2025-01.pdf?sc_lang=fr&hash=46DBD93198C76C4B40C4838D50455EAB" target="_blank" rel="noopener">nouvelle circulaire 2025/1</a> comprendra notamment les dispositions reflétant la pratique de la FINMA qui n’ont pu être intégrées dans l’ordonnance en l’absence de délégation de l’<a href="https://www.fedlex.admin.ch/eli/cc/2014/708/fr" target="_blank" rel="noopener">OA-FINMA</a>. Les annexes de l’ancienne version seront quant à elles dissociées et conservées sous forme de modèles. Ces modifications entreront en vigueur au 1<sup>er</sup> janvier 2025.</p> </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/finma/">FINMA</a> <a rel="category tag" href="https://cdbf.ch/category/reglementation/">Réglementation</a> </h6> </div> </div> </article> </div> <div class="col-lg-6"> <article class="item mb-5 " data-aos="fade-up"> <div class="row"> <div class="col-12"> <h4 class="h6 card-subtitle mb-2"> <a href="https://cdbf.ch/1351/" target="_self" class="text-dark-grey">Cyberattaques</a> </h4> <h3 class="h4 card-title mb-3"> <a href="https://cdbf.ch/1351/" target="_self" class="">La nouvelle obligation d’annonce se précise</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/celianhirsch/"> <img alt="Célian Hirsch" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2019/12/191021152736_1450-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/celianhirsch/">Célian Hirsch</a> — 27 mai 2024 </h6> <div class="text-left intro mb-2"> Les banques, les assurances et les infrastructures des marchés financiers devront annoncer dans les 24 heures les cyberattaques à l’Office fédéral de la cybersécurité (OFCS) dès le 1er janvier 2025. Le Conseil fédéral vient de mettre en consultation le projet d’ordonnance qui concrétise les art. 74a ss de la Loi sur la sécurité de l’information (obligation de signaler les cyberattaques). Comme nous l’exposions précédemment (cf. Hirsch, cdbf.ch/1261), les banques devront désormais informer l’OFCS en cas de cyberattaques. Le nouveau devoir[...] </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/cyberrisques/">Cyberrisques</a> <a rel="category tag" href="https://cdbf.ch/category/finma/">FINMA</a> <a rel="category tag" href="https://cdbf.ch/category/protection-des-donnees/">Protection des données</a> <a rel="category tag" href="https://cdbf.ch/category/reglementation/">Réglementation</a> </h6> </div> </div> </article> </div> <div class="col-lg-6"> <article class="item mb-5 " data-aos="fade-up"> <div class="row"> <div class="col-12"> <h3 class="h4 card-title mb-3"> <a href="https://www.parlament.ch/de/services/news/Seiten/2024/20240227112708278194158159038_bsd081.aspx" target="_blank" class="">Révision du droit des fondations de famille</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/giulia-neri-castracane/"> <img alt="Giulia Neri-Castracane" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2023/05/neri-castracane-impression-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/giulia-neri-castracane/">Giulia Neri-Castracane</a> — 29 février 2024 </h6> <div class="text-left intro mb-2"> <div class="flex flex-grow flex-col max-w-full"> <div class="min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&]:mt-5 overflow-x-auto" data-message-author-role="assistant" data-message-id="5b970095-8e24-44d7-b2ab-3c4e55ac9028"> <div class="markdown prose w-full break-words dark:prose-invert light"> <p style="text-align: justify;">Le 27 février 2024, le Parlement a adopté la <a href="https://www.parlament.ch/fr/ratsbetrieb/suche-curia-vista/geschaeft?AffairId=20224445" target="_blank" rel="noopener">motion (22.4445)</a> visant à renforcer la fondation de famille suisse en levant l’interdiction des fondations d’entretien de l’art. 335 CC. L’objectif est de faciliter la planification patrimoniale et successorale au sein des familles. Cette initiative propose une alternative à l’introduction d’un trust de droit suisse, abandonnée par le Conseil fédéral le 15 septembre dernier. Un projet de loi doit désormais être élaboré.</p> </div> </div> </div> </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/reglementation/">Réglementation</a> <a rel="category tag" href="https://cdbf.ch/category/trusts/">Trusts</a> </h6> </div> </div> </article> </div> <div class="col-lg-6"> <article class="item mb-5 " data-aos="fade-up"> <div class="row"> <div class="col-12"> <h3 class="h4 card-title mb-3"> <a href="https://www.finma.ch/fr/news/2024/02/23240223-meldung-l-qif/" target="_blank" class="">La FINMA communique sur la révision de l’OPCC</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/bahar/"> <img alt="Rashid Bahar" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2021/01/bahar-rashid-201113-1290-mdh-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/bahar/">Rashid Bahar</a> — 23 février 2024 </h6> <div class="text-left intro mb-2"> <p style="text-align: justify;">La FINMA a publié une <a href="https://www.finma.ch/fr/news/2024/02/23240223-meldung-l-qif/" target="_blank" rel="noopener">annonce</a> à l’occasion de l’adoption des dispositions sur le L-QIF (cf. <a href="https://cdbf.ch/1328/" target="_blank" rel="noopener">cdbf.ch/1328</a>). Elle précise dans ce contexte que les dispositions transitoires de deux ans prévues pour les modifications affectant les placements collectifs surveillés, notamment en matière de liquidité, ne profitent qu’aux véhicules existants. Les nouveaux placements collectifs devront répondre aux nouvelles exigences dès leur autorisation ou approbation.</p> </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/placements-collectifs/">Placements collectifs</a> <a rel="category tag" href="https://cdbf.ch/category/reglementation/">Réglementation</a> </h6> </div> </div> </article> </div> <div class="col-lg-6"> <article class="item mb-5 " data-aos="fade-up"> <div class="row"> <div class="col-12"> <h4 class="h6 card-subtitle mb-2"> <a href="https://cdbf.ch/1328/" target="_self" class="text-dark-grey">Le L-QIF arrive!</a> </h4> <h3 class="h4 card-title mb-3"> <a href="https://cdbf.ch/1328/" target="_self" class="">Entrée en vigueur de la révision de la LPCC et de l’OPCC au 1er mars 2024</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/bahar/"> <img alt="Rashid Bahar" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2021/01/bahar-rashid-201113-1290-mdh-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/bahar/">Rashid Bahar</a> — 22 février 2024 </h6> <div class="text-left intro mb-2"> Lors de sa séance du 31 janvier 2024, le Conseil fédéral a adopté les modifications de l’OPCC et décidé de l’entrée en vigueur des modifications de la LPCC relatives au placement collectif pour investisseur qualifié (limited qualified investor fund ou L-QIF) adoptées le 17 décembre 2021. Pour mémoire, le L-QIF est un placement collectif réservé aux investisseurs qualifiés au sens de la LPCC qui n’est pas soumis à l’approbation ou l’autorisation de la FINMA (art. 118a LPCC). Il peut prendre[...] </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/placements-collectifs/">Placements collectifs</a> <a rel="category tag" href="https://cdbf.ch/category/reglementation/">Réglementation</a> </h6> </div> </div> </article> </div> <div class="col-lg-6"> <article class="item mb-5 " data-aos="fade-up"> <div class="row"> <div class="col-12"> <h3 class="h4 card-title mb-3"> <a href="https://www.admin.ch/gov/fr/accueil/documentation/communiques.msg-id-99883.html" target="_blank" class="">Le L-QIF est né !</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/fischer/"> <img alt="Philipp Fischer" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2019/10/PFI-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/fischer/">Philipp Fischer</a> — 31 janvier 2024 </h6> <div class="text-left intro mb-2"> <p>Le Conseil fédéral a adopté les règles définitives qui régiront le Limited Qualified Investor Fund (L-QIF). L’entrée en vigueur est fixée au 1er mars 2024. Le L-QIF est une nouvelle catégorie de placements collectifs, destinée à renforcer l’attractivité des fonds de placement suisses. Le L-QIF n’est pas soumis à l’autorisation de la FINMA. Réservé aux investisseurs qualifiés, il doit être administré par un établissement assujetti à la surveillance de la FINMA, en principe une direction de fonds.</p> </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/gestion-de-fortune/">Gestion de fortune</a> <a rel="category tag" href="https://cdbf.ch/category/placements-collectifs/">Placements collectifs</a> <a rel="category tag" href="https://cdbf.ch/category/reglementation/">Réglementation</a> </h6> </div> </div> </article> </div> <div class="col-lg-6"> <article class="item mb-5 " data-aos="fade-up"> <div class="row"> <div class="col-12"> <h4 class="h6 card-subtitle mb-2"> <a href="https://cdbf.ch/1182/" target="_self" class="text-dark-grey">Projets législatifs </a> </h4> <h3 class="h4 card-title mb-3"> <a href="https://cdbf.ch/1182/" target="_self" class="">Informations non financières, matières premières et travail des enfants</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/giulia-neri-castracane/"> <img alt="Giulia Neri-Castracane" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2023/05/neri-castracane-impression-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/giulia-neri-castracane/">Giulia Neri-Castracane</a> — 5 mai 2021 </h6> <div class="text-left intro mb-2"> Suite au rejet le 29 novembre 2020 de l'initiative populaire "Entreprises responsables- pour protéger l'être humain et l'environnement", le contre-projet indirect devrait, sauf référendum, modifier le droit comptable dès le 1er janvier 2022 avec une obligation de transparence sur les questions non financières (art. 964 bis à 964 quater CO) selon le modèle de la Directive 2014/95/UE et des obligations de diligence et transparence en matière de minerais et métaux provenant de zones de conflit et du travail des enfants (art.[...] </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/reglementation/">Réglementation</a> </h6> </div> </div> </article> </div> <div class="col-lg-6"> <article class="item mb-5 " data-aos="fade-up"> <div class="row"> <div class="col-12"> <h3 class="h4 card-title mb-3"> <a href="https://fedlex.data.admin.ch/eli/dl/proj/2021/44/cons_1" target="_blank" class="">Le Conseil fédéral veut freiner les coûts de la réglementation</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/yannick-caballero-cuevas/"> <img alt="Yannick Caballero Cuevas" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2021/06/yannick-caballero-150x150.jpeg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/yannick-caballero-cuevas/">Yannick Caballero Cuevas</a> — 29 avril 2021 </h6> <div class="text-left intro mb-2"> <p style="text-align: justify;">Le 28 avril 2021, le Conseil fédéral a mis en consultation, jusqu’au 18 août 2021, un <span lang="FR-CH">avant</span><span lang="FR-CH">–</span>projet visant à introduire un frein à la réglementation afin d’en contenir les coûts pour les entreprises. Il est prévu de modifier la <a href="https://fedlex.data.admin.ch/filestore/fedlex.data.admin.ch/eli/dl/proj/2021/44/cons_1/doc_2/fr/pdf-a/fedlex-data-admin-ch-eli-dl-proj-2021-44-cons_1-doc_2-fr-pdf-a.pdf">Constitution</a> et la <a href="https://fedlex.data.admin.ch/filestore/fedlex.data.admin.ch/eli/dl/proj/2021/44/cons_1/doc_1/fr/pdf-a/fedlex-data-admin-ch-eli-dl-proj-2021-44-cons_1-doc_1-fr-pdf-a.pdf">loi sur le Parlement</a>. Les lois fédérales et les arrêtés fédéraux qui approuvent des traités internationaux devr<span lang="FR-CH">a</span><span lang="FR-CH">ient</span> être adoptés à la majorité des membres de chaque conseil s’ils entraînent une augmentation des coûts pour plus de 10’000 entreprises, ou une augmentation des coûts dépassant CHF 100 millions pour l’ensemble des entreprises.</p> </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/reglementation/">Réglementation</a> </h6> </div> </div> </article> </div> </div> <nav class="pagination"> </nav> </div> </main> <footer id="footer" class="py-5"> <div class="container"> <div class="row"> <div class="col-lg-2 mb-4 mb-lg-0 text-center text-lg-left"> <img class="img-fluid" alt="Unige" src="https://cdbf.ch/wp-content/themes/cdbf/img/unige.png"> </div> <div class="col-lg-6"> </div> <div class="col-lg-4"> <nav class="nav flex-column align-items-center align-items-lg-end text-right"> <a class="nav-link text-white font-sans-serif small" href="https://cdbf.ch/impressum/">Impressum</a> <a class="nav-link text-white font-sans-serif small" href="mailto:webmaster@cdbf.ch">Webmestre</a> <a class="nav-link text-white font-sans-serif small" href="https://cdbf.ch/charte-editoriale/">Charte éditoriale</a> <a class="nav-link text-white font-sans-serif small" href="https://cdbf.ch/politique-dutilisation-des-cookies/">Politique d’utilisation des cookies</a> <a class="nav-link text-white font-sans-serif small" href="https://cdbf.ch/le-centre/contact/">Contact</a> </nav> </div> </div> </div> </footer> <div id="cookiebar" class="fixed-bottom w-100 text-light py-3" style="display:none;"> <div class="container"> <div class="row"> <div class="col-md-10 small"> Ce site utilise des cookies à des fins de statistiques, d’optimisation et de marketing ciblé. 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