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COURSE OFFERING of AvelaLaw AG – Initial Training / Refresher Course for Client Advisers in the Field of Rules of Conduct according to FINSA
COURSE OFFERING of AvelaLaw AG – Initial Training / Refresher Course for Client Advisers in the Field of Rules of Conduct according to FINSA
AvelaLaw AG is an accredited provider of an Initial Training as well as of a Refresher Course in the field of FINSA Rules of Conduct
In addition to the popular “Initial Training in the field of FINSA rules of conduct”, within the framework of which the specialists of AvelaLaw AG have trained more than 200 people, AvelaLaw AG now also offers the mandatory Refresher Courses (recurrent training) for client advisers, who, in accordance with Art. 28 et seq. of the Federal Act on Financial Services of 15 June 2018 (“FINSA”), are already entered in a Register of Advisers and must renew this entry every two years.
AvelaLaw AG is accredited by BX Swiss AG, one of the Registration Bodies approved by FINMA, as a provider of both, an Initial Training and a Refresher Course, and is listed on BX Swiss AG’s two lists “Basic Training” and “Recurrent Training” https://www.regservices.ch/en/required-knowledge.
Information on the Initial Training: Client Advisers’ Duty to enter in the Register of Advisers
Client advisers of Swiss financial service providers not subject to supervision as well as of certain foreign financial service providers may only carry out their activity in Switzerland if they are entered in a Register of Advisers. This registration requirement applies in particular to client advisers who provide financial services that are not in themselves an activity requiring authorization, for instance investment advice or the acquisition or disposal of financial instruments for clients (formerly known as “distribution”).
The Register of Advisers is maintained by Registration Bodies approved by the Swiss Financial Market Supervisory Authority FINMA. Approved Registration Bodies are BX Swiss AG, Zurich, PolyReg Services GmbH, Zurich, and the Association Romande des Intermédiaires Financiers (ARIF), Geneva.The trainings offered here are accepted by all three Registrations Bodies.
The conditions for registration in the Register of Advisers are met by anyone who can provide the following evidence:
- the existence of a professional indemnity insurance or of equivalent collateral;
- affiliation to an Ombudsman’s Office (as far as no exemption applies);
- absence of exclusion criteria (relevant criminal conviction, activity ban, ban on practicing a profession);
- Existence of the required knowledge according to art. 6 FINSA, i.e. (i) the professional expertise required to perform the activities and (ii) sufficient knowledge of the rules of conduct set out in the FINSA for rendering financial services. Thereby, professional expertise and knowledge of the rules of conduct must be evidenced separately.
AvelaLaw AG will be pleased to assist you if you are in doubt whether or not you are subject to the duty to register as well as with the registration itself.
Information on the Refresher Course: Client Advisers’ Duty to renew their entry in the Register of Advisers
Client advisers who are already entered in a Register of Advisers must, in application of FINSO 41/2, renew this registration after two years at the latest otherwise the entry in the Register will be cancelled. In this context, recurrent training must be completed by which the knowledge is deepened and changes in the legal regulations are dealt with. In this context, recurrent training must be completed by which the knowledge is deepened and changes in the legal regulations are dealt with.
According to the requirements of the Registration Bodies, the Refresher Course shall last at least two hours and cover the following content:
- changes in legal regulations since completion of the Initial Training;
- deepening knowledge of the rules of conduct;
- practice and jurisprudence on the topics of the Initial Training;
- Further financial market laws (CISA, AMLA, FMIA, etc.) and their effects on the activities of client advisers.
On request, AvelaLaw AG will also be happy to assist you with the renewal of the registration itself.
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EN – COURSE OFFERING of AvelaLaw AG – Initial Training / Refresher Course for Client Advisers in the Field of Rules of Conduct according to FINSA
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