Valentine Delaloye

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Après avoir obtenu un Master en sciences criminelles à l’Université de Lausanne et effectué son stage d’avocat à la Chancellerie d’Etat du canton de Genève et au sein d’une Etude genevoise, elle a travaillé pendant plusieurs années comme juriste au département <em>Legal & Compliance</em> d’une société de gestion de fortune de la place.</p> </div> </div> </div> <div class="mt-5 row"> <div class="col-lg-6 pub"> <article class="item mb-5 bg-light px-4 py-4" data-aos="fade-up"> <div class="row"> <div class="col-12"> <h3 class="h4 card-title mb-3"> <a href="#publication_detail_27026" data-toggle="collapse" class="">Covid-19 and competition policy : A Swiss perspective</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/bovet/"> <img alt="Christian Bovet" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2013/08/bovet-1-150x150.jpg"/> </a> <a class="bubble" href="https://cdbf.ch/author/valentine-delaloye/"> <img alt="Valentine Delaloye" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2022/10/valentine-delaloye-150x150.jpg"/> </a> <a class="bubble" href="https://cdbf.ch/author/jeremy-bacharach/"> <img alt="Jeremy Bacharach" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2022/10/bacharach-jeremy-150x150.jpeg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/bovet/">Christian Bovet</a> <span class='text-black'>, </span> <a class="text-black" href="https://cdbf.ch/author/valentine-delaloye/">Valentine Delaloye</a> <span class='text-black'>, </span> <a class="text-black" href="https://cdbf.ch/author/jeremy-bacharach/">Jeremy Bacharach</a>  — 12 juin 2020 </h6> <div class="text-left intro mb-2"> <div class="collapse" id="publication_detail_27026"> <p>The interest of this brief and, to some extent, temporary study is to show that authorities addressing the consequences of the current COVID-19 crisis are reacting on a case-by-case basis and looking for the solution that seems the most appropriate at the precise moment they take their decision, with the information available at that time. With respect to competition policy, the difficulty lies in finding the right balance between mitigating the negative economic impact of the pandemic and maintaining the requirements of competition while guaranteeing legal certainty.</p> <p>In Switzerland, supporting the economy has become one of the central components of political action, perhaps as important as health policy. Subsidization through cheap loans guaranteed by the public authorities has seemed less constraining on the Swiss liberal economy doctrine than giving free aid to enterprises. This was accompanied by waiving some procedures and form requirements as well as easing several financial ratios. However, while national regulations grant enough flexibility to implement these measures, Switzerland must carefully study the legal framework at the international level, especially because of its numerous bilateral agreements with the European Union. Finally, the authorities should pay special attention to issues pertaining to equality of treatment among competitors.</p> <a class="my-3 btn btn-outline-dark" href="https://archive-ouverte.unige.ch/unige:136071" target="_blank">Consulter</a> </div> </div> <h6 class="card-subtitle font-light mb-3"> <a href="#publication_detail_27026" data-toggle="collapse" class="text-dark-grey">In: Concurrences, 2020, n° 2, p. 27-32. </a> </h6> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/concurrence/">Concurrence</a> <a rel="category tag" href="https://cdbf.ch/category/covid-19/">COVID-19</a> </h6> </div> </div> </article> </div> <div class="col-lg-6 post"> <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-104413.html" target="_blank" class="">Modèle FATCA : mise en consultation d’un nouvel accord</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/valentine-delaloye/"> <img alt="Valentine Delaloye" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2022/10/valentine-delaloye-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/valentine-delaloye/">Valentine Delaloye</a>  — 7 mars 2025 </h6> <div class="text-left intro mb-2"> <p style="text-align: justify;">Le <a href="https://www.admin.ch/gov/fr/accueil/documentation/communiques.msg-id-101674.html" target="_blank" rel="noopener">nouvel accord FATCA</a>, négocié avec les USA en juin 2024 et visant à faire basculer la Suisse du modèle 2 au modèle 1, est désormais en consultation jusqu’au 14 juin 2025. Ce changement de catégorie, prévu au plus tôt pour le 1er janvier 2027, entraînerait l’instauration de l’échange <em>automatique</em> de renseignements sur les comptes financiers des clients (<a href="https://www.sif.admin.ch/fr/echange-automatique-renseignements-ear" target="_blank" rel="noopener">EAR</a>) et pour la première fois, sur une base <em>réciproque</em> entre les autorités fiscales suisses et états-uniennes. Sauf revirement de situation.</p> </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/echange-automatique-de-renseignements-fiscaux/">Echange automatique de renseignements fiscaux</a> </h6> </div> </div> </article> </div> <div class="col-lg-6 post"> <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/1375/" target="_self" class="text-dark-grey">Commission de surveillance CDB</a> </h4> <h3 class="h4 card-title mb-3"> <a href="https://cdbf.ch/1375/" target="_self" class="">Jurisprudence du premier semestre 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/valentine-delaloye/"> <img alt="Valentine Delaloye" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2022/10/valentine-delaloye-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/valentine-delaloye/">Valentine Delaloye</a>  — 7 octobre 2024 </h6> <div class="text-left intro mb-2"> L’aperçu des « leading cases » de la Commission de surveillance des banques (ci-après : la Commission) pour le 1er semestre 2024 est désormais disponible. Parmi les quelques décisions mentionnées, nous en retiendrons deux. Dans la première ([533/60]), il est rappelé qu’en vertu de l’art. 18 du règlement d’enquête du 16 décembre 2019, la banque est tenue de coopérer à l’établissement des faits pertinents lorsqu’une procédure d’enquête est ouverte à son encontre. Dans le cas d’espèce, l’assujettie s’est vue infliger une amende conventionnelle[...] </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/procedure-2/">Procédure</a> </h6> </div> </div> </article> </div> <div class="col-lg-6 post"> <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.fatf-gafi.org/fr/pages/fraud-warning.html" target="_blank" class="">Le GAFI émet une alerte de fraude</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/valentine-delaloye/"> <img alt="Valentine Delaloye" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2022/10/valentine-delaloye-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/valentine-delaloye/">Valentine Delaloye</a>  — 31 juillet 2024 </h6> <div class="text-left intro mb-2"> <p style="text-align: justify;">Le GAFI <a href="https://www.fatf-gafi.org/fr/pages/fraud-warning.html" target="_blank" rel="noopener">met actuellement en garde le public</a> contre l’existence d’une escroquerie relativement élaborée et de grande ampleur, consistant à menacer des clients de procéder au blocage de leurs avoirs si ceux-ci ne paient pas certains « frais » (prétendument liés à la vérification de l’origine des fonds) pour pouvoir effectuer des transferts internationaux. L’organisme rappelle notamment qu’il ne contacte jamais le public, ne contrôle pas les transactions financières et n’a aucun pouvoir de bloquer des comptes bancaires.</p> </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/trafic-des-paiements/">Trafic des paiements</a> </h6> </div> </div> </article> </div> <div class="col-lg-6 post"> <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/1349/" target="_self" class="text-dark-grey">Commission de surveillance CDB</a> </h4> <h3 class="h4 card-title mb-3"> <a href="https://cdbf.ch/1349/" target="_self" class="">Jurisprudence du deuxième semestre 2023</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/valentine-delaloye/"> <img alt="Valentine Delaloye" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2022/10/valentine-delaloye-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/valentine-delaloye/">Valentine Delaloye</a>  — 23 mai 2024 </h6> <div class="text-left intro mb-2"> Il y a quelques jours, les membres de l’association suisse des banquiers ont pu découvrir l’aperçu des « leading cases » de la Commission de surveillance CDB (ci-après : la Commission), pour la période du 1er juillet au 31 décembre 2023. Malgré un contenu relativement pauvre, quelques points méritent d’être signalés. Sur les questions de procédure, l’unique décision mentionnée par la Commission rappelle qu’en vertu de l’art. 13 de son règlement de procédure, elle statue en principe sur la base du dossier[...] </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/ayant-droit-economique/">Ayant droit économique</a> <a rel="category tag" href="https://cdbf.ch/category/procedure-2/">Procédure</a> <a rel="category tag" href="https://cdbf.ch/category/loi-sur-les-services-financiers/">Services financiers</a> </h6> </div> </div> </article> </div> <div class="col-lg-6 post"> <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/communiques-conseil-federal.msg-id-101100.html" target="_blank" class="">Le Conseil fédéral publie son message concernant le projet de loi sur la transparence des personnes morales (LTPM)</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/valentine-delaloye/"> <img alt="Valentine Delaloye" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2022/10/valentine-delaloye-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/valentine-delaloye/">Valentine Delaloye</a>  — 22 mai 2024 </h6> <div class="text-left intro mb-2"> <p style="text-align: justify;">C’est dans le cadre du plan général de <a href="https://cdbf.ch/1300/#" target="_blank" rel="noopener">renforcement du dispositif anti-blanchiment</a> et plus précisément du respect des exigences internationales en matière d’identification des ayants droit économiques, que l’avant-projet de la LTPM et de diverses modifications de la législation anti-blanchiment avait été mis en consultation du 30 août au 30 novembre dernier. Le <a href="https://www.newsd.admin.ch/newsd/message/attachments/87773.pdf" target="_blank" rel="noopener">message</a> et le <a href="https://www.newsd.admin.ch/newsd/message/attachments/87772.pdf" target="_blank" rel="noopener">projet de loi</a> du Conseil fédéral sont désormais publiés, accompagnés d’un <a href="https://cdbf.ch/wp-content/uploads/2024/05/benoit-chappuis-avis-droit-ltpm-fr.pdf" target="_blank" rel="noopener">avis de droit</a>. Le sujet fera prochainement l’objet d’un commentaire détaillé de la part du CDBF.</p> </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/blanchiment-dargent/">Blanchiment d'argent</a> </h6> </div> </div> </article> </div> <div class="col-lg-6 post"> <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://cdbf.ch/wp-content/uploads/2023/06/20230516-leading-cases-ak-vsb-ii-2022-fr.pdf" target="_blank" class="">Commission de surveillance des banques : jurisprudence du 2ème semestre 2022</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/valentine-delaloye/"> <img alt="Valentine Delaloye" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2022/10/valentine-delaloye-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/valentine-delaloye/">Valentine Delaloye</a>  — 6 juin 2023 </h6> <div class="text-left intro mb-2"> <p style="text-align: justify;">Dans son dernier rapport, l’autorité rappelle notamment que, bien que la violation de l’<a href="https://www.cdbf.ch/wp-content/uploads/2019/08/1000020_f.pdf" target="_blank" rel="noopener">art. 46 CDB 16</a> ne soit sanctionnée que si elle est intentionnelle, le dol éventuel suffit. Par ailleurs, le dol devrait généralement être admis en cas de violation de la CDB dès lors qu’une banque n’a pas agi prudemment. Enfin, dans un autre registre, même si l’ayant droit économique mentionné dans un formulaire est une entreprise individuelle, la banque doit formellement procéder à l’identification de la personne physique.</p> </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/blanchiment-dargent/">Blanchiment d'argent</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 post"> <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/2023/01/20230130-mm-am-02-2023/?pk_campaign=News-Service&pk_kwd=Fin%20du%20d%C3%A9lai%20transitoire:%20la%20FINMA%20informe%20sur%20l%E2%80%99%C3%A9tat%20du%20processus%20d%E2%80%99autorisation%20des%20gestionnaires%20de%20fortune%20et%20trustees" target="_blank" class="">Fin du délai transitoire pour les GFI et les trustees</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/valentine-delaloye/"> <img alt="Valentine Delaloye" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2022/10/valentine-delaloye-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/valentine-delaloye/">Valentine Delaloye</a>  — 30 janvier 2023 </h6> <div class="text-left intro mb-2"> <p style="text-align: justify;">Le délai transitoire de trois ans octroyé aux gestionnaires de fortune indépendants (GFI) et aux trustees par l’<a href="https://www.fedlex.admin.ch/eli/cc/2018/801/fr" target="_blank" rel="noopener">art. 74 al. 2 LEFin</a> est arrivé à échéance le 31 décembre 2022. À cette date, il restait plus de 1000 demandes en suspens. La FINMA <a href="https://www.finma.ch/fr/news/2023/01/20230130-mm-am-02-2023/?pk_campaign=News-Service&pk_kwd=Fin%20du%20d%C3%A9lai%20transitoire:%20la%20FINMA%20informe%20sur%20l%E2%80%99%C3%A9tat%20du%20processus%20d%E2%80%99autorisation%20des%20gestionnaires%20de%20fortune%20et%20trustees" target="_blank" rel="noopener">a publié</a> ce jour les chiffres actuels et rappelle notamment dans sa communication que les établissements ayant déposé leur demande dans le délai peuvent poursuivre leurs activités jusqu’à ce qu’il soit statué sur leur autorisation, à condition d’être affiliés à un organisme de surveillance.</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/gestion-de-fortune/">Gestion de fortune</a> </h6> </div> </div> </article> </div> <div class="col-lg-6 post"> <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/1266/" target="_self" class="text-dark-grey">Convention de diligence des banques</a> </h4> <h3 class="h4 card-title mb-3"> <a href="https://cdbf.ch/1266/" target="_self" class="">Jurisprudence 2017-2021 de la Commission de surveillance</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/valentine-delaloye/"> <img alt="Valentine Delaloye" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2022/10/valentine-delaloye-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/valentine-delaloye/">Valentine Delaloye</a>  — 20 décembre 2022 </h6> <div class="text-left intro mb-2"> Dans son récent rapport d’activité et de jurisprudence couvrant les années 2017 à 2021, la Commission de surveillance de la Convention de diligence des banques (CDB) rappelle en préambule que les dispositions de la CDB 20 s’appliquent seulement si une nouvelle relation d’affaires est ouverte, respectivement une répétition des obligations de diligence est intervenue après le 1er janvier 2020 (art. 69 al. 1 et 70 al. 2 CDB 20). Par conséquent, la dernière publication de la jurisprudence se rapporte essentiellement[...] </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/blanchiment-dargent/">Blanchiment d'argent</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 post"> <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.fedlex.admin.ch/fr/oc/index/2022/10/175" target="_blank" class="">Entrée en vigueur de l’OBA-OFDF sur le négoce de métaux précieux bancaires au 1er janvier 2023</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/valentine-delaloye/"> <img alt="Valentine Delaloye" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2022/10/valentine-delaloye-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/valentine-delaloye/">Valentine Delaloye</a>  — 25 octobre 2022 </h6> <div class="text-left intro mb-2"> <p style="text-align: justify;">L’<a href="http://www.fedlex.admin.ch/eli/oc/2022/597/fr" target="_blank" rel="noopener">ordonnance</a>, qui consacre le transfert de la surveillance LBA des essayeurs du commerce/des sociétés de groupe de la FINMA au Bureau central de l’OFDF, reprend essentiellement le contenu de l’<a href="http://www.fedlex.admin.ch/eli/cc/2015/390/fr" target="_blank" rel="noopener">OBA-FINMA</a> actuelle. Quelques différences néanmoins : p. ex. l’art. 10 OBA-OFDF ne reprend pas les allègements de l’art. 48 al. 3 OBA-FINMA et la liste de risques accrus en matière de transactions (art. 35) a été adaptée au négoce de métaux précieux. Le <a href="http://www.fedlex.admin.ch/filestore/fedlex.data.admin.ch/eli/oe/2022/35/fr/pdf/fedlex-data-admin-ch-eli-oe-2022-35-fr-pdf.pdf" target="_blank" rel="noopener">rapport explicatif</a> sera fort utile pour le praticien.</p> </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/blanchiment-dargent/">Blanchiment d'argent</a> <a rel="category tag" href="https://cdbf.ch/category/finma/">FINMA</a> </h6> </div> </div> </article> </div> <div class="col-lg-6 post"> <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/1189/" target="_self" class="text-dark-grey">Commission de surveillance CDB</a> </h4> <h3 class="h4 card-title mb-3"> <a href="https://cdbf.ch/1189/" target="_self" class="">Publication de la jurisprudence du deuxième semestre 2020</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/valentine-delaloye/"> <img alt="Valentine Delaloye" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2022/10/valentine-delaloye-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/valentine-delaloye/">Valentine Delaloye</a>  — 2 juillet 2021 </h6> <div class="text-left intro mb-2"> La Commission de surveillance CDB a récemment publié le traditionnel aperçu de ses décisions pour le second semestre 2020. Après un exercice restreint dû au Covid-19 en début d’année, les activités de surveillance ont repris leur cours normal dès l’été 2020. Si aucun renversement notable de la jurisprudence n’est rapporté, quelques cas méritent comme toujours d’être signalés. En matière de procédure tout d’abord, l'art. 60 al. 1 CDB (procédure d’enquête) ne conditionne pas l’ouverture d’une enquête pour violation des obligations[...] </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/blanchiment-dargent/">Blanchiment d'argent</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 post"> <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/2020/09/20200915-mm-anerk-2te-registrierungsstelle/" target="_blank" class="">L’ARIF a une nouvelle corde à son arc</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/valentine-delaloye/"> <img alt="Valentine Delaloye" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2022/10/valentine-delaloye-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/valentine-delaloye/">Valentine Delaloye</a>  — 15 septembre 2020 </h6> <div class="text-left intro mb-2"> <p style="text-align: justify;">Après BX Swiss SA, l’Association Romande des Intermédiaires Financiers est depuis hier le deuxième organe d’enregistrement des conseillers à la clientèle agréé par la FINMA. Conformément aux exigences de l’<a href="https://www.admin.ch/opc/fr/classified-compilation/20152661/index.html#a28">art. 28 LSFin</a>, sont en effet désormais tenus de s’enregistrer les conseillers de prestataires financiers qui exercent en Suisse sans être soumis à aucune surveillance. Les organes d’enregistrement doivent vérifier que ceux-ci disposent des qualifications nécessaires pour exercer.</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/surveillance-des-marches-financiers/">Surveillance des marchés financiers</a> </h6> </div> </div> </article> </div> <div class="col-lg-6 post"> <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.sec.gov/news/press-release/2020-191" target="_blank" class="">USA : ouverture de l’accès au marché de capitaux privés</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/valentine-delaloye/"> <img alt="Valentine Delaloye" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2022/10/valentine-delaloye-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/valentine-delaloye/">Valentine Delaloye</a>  — 28 août 2020 </h6> <div class="text-left intro mb-2"> <p style="text-align: justify;">Pour la première fois depuis 35 ans, la SEC étend le statut d’« <a href="https://www.sec.gov/rules/final/2020/33-10824.pdf"><em>accredited investor</em></a> », dans le but d’ouvrir le marché aux capitaux privés. En particulier, l’investisseur individuel pourra désormais pallier le défaut de revenu/fortune minimum par les « connaissances et expériences nécessaires », tandis que la définition de l’investisseur institutionnel s’élargira à une liste plus importante d’entités. Cette révision tend à se rapprocher de la classification des <a href="https://www.admin.ch/opc/fr/classified-compilation/20152661/index.html#a4">art. 4 et 5 LSFin</a>.</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> </h6> </div> </div> </article> </div> <div class="col-lg-6 post"> <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-78929.html" target="_blank" class="">COVID-19 : des ordonnances à la loi urgente</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/valentine-delaloye/"> <img alt="Valentine Delaloye" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2022/10/valentine-delaloye-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/valentine-delaloye/">Valentine Delaloye</a>  — 30 avril 2020 </h6> <div class="text-left intro mb-2"> <p style="text-align: justify;">Le droit d’urgence appliqué par le Conseil fédéral pour l’adoption des ordonnances liées au COVID-19 a une durée limitée dans le temps. Pour prolonger l’application des mesures, nos sept sages ont arrêté les lignes directrices permettant le transfert des ordonnances COVID-19 dans une loi urgente soumise au Parlement. Cela permettra peut-être de <a href="https://www.parlament.ch/fr/services/news/Pages/news-info-2020-03-27.aspx">déterminer quelle base légale</a> est réellement à l’origine des règles en vigueur depuis le 13 mars.</p> </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/covid-19/">COVID-19</a> </h6> </div> </div> </article> </div> <div class="col-lg-6 post"> <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/opc/fr/official-compilation/2020/137.pdf" target="_blank" class="">Publication de la nouvelle ordonnance relative à la LFINMA</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/valentine-delaloye/"> <img alt="Valentine Delaloye" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2022/10/valentine-delaloye-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/valentine-delaloye/">Valentine Delaloye</a>  — 15 janvier 2020 </h6> <div class="text-left intro mb-2"> <p style="text-align: justify;">Après son adoption par le Conseil fédéral le 13 décembre 2019, l’Ordonnance relative à la loi sur les marchés financiers a été publiée hier au <a href="https://www.admin.ch/opc/fr/official-compilation/2020/index_3.html">Recueil officiel</a>, pour une entrée en vigueur au 1<sup>er</sup> février 2020. L’objectif est triple : réglementer les tâches de la FINMA relevant du domaine international, cadrer son activité de réglementation (voir Valentine Delaloye, <a href="https://cdbf.ch/1100/" target="_blank" rel="noopener noreferrer">cdbf.ch/1100</a>) et déterminer dans quels cas elle collabore avec le DFF.</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/surveillance-des-marches-financiers/">Surveillance des marchés financiers</a> </h6> </div> </div> </article> </div> <div class="col-lg-6 post"> <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/1100/" target="_self" class="text-dark-grey">Nouvelle ordonnance LFINMA</a> </h4> <h3 class="h4 card-title mb-3"> <a href="https://cdbf.ch/1100/" target="_self" class="">Bonne ou mauvaise illustration de l’AIR 2.0 ?</a> </h3> <h6 class="nav align-items-center text-uppercase text-grey font-light mb-3"> <a class="bubble" href="https://cdbf.ch/author/valentine-delaloye/"> <img alt="Valentine Delaloye" class="img-fluid" src="https://cdbf.ch/wp-content/uploads/2022/10/valentine-delaloye-150x150.jpg"/> </a> <span class="px-1"></span> <a class="text-black" href="https://cdbf.ch/author/valentine-delaloye/">Valentine Delaloye</a>  — 18 décembre 2019 </h6> <div class="text-left intro mb-2"> La nouvelle ordonnance relative à la LFINMA entrera en vigueur le 1er février prochain. On découvre notamment dans le texte une section 3 consacrée aux nouvelles prescriptions du Conseil fédéral quant à l’activité de réglementation de l’Autorité de surveillance. Il y est précisé la forme des actes à adopter, les (bons) principes de règlementation, les modalités à appliquer en matière d’études d’impact ou encore la manière de mener le processus de consultation. Les lignes directrices applicables à la réglementation de[...] </div> <h6 class="nav categories text-red text-uppercase small"> <a rel="category tag" href="https://cdbf.ch/category/finma/">FINMA</a> </h6> </div> </div> </article> </div> </div> </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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