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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 300 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/kenntnisse/.

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.

“Ave­laLaw AG – Ini­tial Train­ing in the field of FIN­SA Rules of Con­duct” and “Ave­laLaw AG – Refresh­er Course for Client Advis­ers accord­ing to FINSA” 

The cours­es “Ave­laLaw AG – Ini­tial Train­ing in the field of FIN­SA Rules of Con­duct” and “Ave­laLaw AG – Refresh­er Course for Client Advis­ers accord­ing to FIN­SA” are struc­tured as follows:

Train­ing Institute

Ave­laLaw AG, Fraumün­ster­strasse 15, 8001 Zurich

Type of the course

Class­room course in the busi­ness premis­es of Ave­laLaw AG with a max­i­mum of 5 par­tic­i­pants per course. If there are more than 3 par­tic­i­pants, we will glad­ly hold the train­ing in your busi­ness premises.

Upon request, the cours­es may be held over video conference.

The knowl­edge trans­fer is car­ried out by one of Ave­laLaw AG’s part­ners with more than 20 years of pro­fes­sion­al experience.

Dura­tion of the training

Ini­tial Train­ing: one half day (4.5 hours)
Refresh­er Course: 2 hours

Course lan­guage

Ger­man; upon request, also in English

Course Fee per person

Ini­tial Training:

  • For one par­tic­i­pant: CHF 650.- *)
  • For two par­tic­i­pants: CHF 550.- *)
  • From three par­tic­i­pants: CHF 490.- *)


Refresh­er Course:

  • For one par­tic­i­pant: CHF 400.- *)
  • For two par­tic­i­pants: CHF 350.- *)
  • From three par­tic­i­pants: CHF 300.- *)

*) in each case plus 3% expens­es flat rate and VAT (if applicable)

Course dates

On each day indi­cat­ed below from 8.30 to approx­i­mate­ly 13.00 CET (Ini­tial Train­ing) or, as the case may be, from 10.00 to 12.00 CET (Refresh­er Course). For groups of at least 3 par­tic­i­pants, we will be glad to orga­nize cours­es also by indi­vid­ual arrangement.

Ini­tial Training:Refresh­er Course:
On request On request 

Form of evidence

Course par­tic­i­pants will receive a per­son­al­ized cer­tifi­cate which will con­firm the course atten­dance, date, dura­tion and con­tent of the course.

Ave­laLaw Ltd. now also offers manda­to­ry con­tin­u­ing train­ing for Qual­i­fied Man­agers, oth­er mem­bers of the exec­u­tive board or the board of direc­tors (guar­an­tors of irre­proach­able busi­ness con­duct) of port­fo­lio man­agers under FinIA and oth­er pru­den­tial­ly super­vised finan­cial insti­tu­tions (areas FinSA/FinIA, CISA, AMLA and Data Pro­tec­tion Act).

Please con­tact us for a non-bind­ing offer
dirk.spiegel@avelalaw.com

Intro­duc­tion

  • Def­i­n­i­tion „finan­cial ser­vices“ / dis­tinc­tion from the „offer“ con­cept / dis­tinc­tion from „adver­tis­ing“ (spe­cial focus on dis­tri­b­u­tion of invest­ment funds, new­ly “offer”)
  • Finan­cial instruments
  • Client seg­men­ta­tion; opt­ing-in / opt­ing-out
40’

Rules of Con­duct in the nar­row­er sense (pur­suant to art. 7–19 FINSA)

  • Duty to pro­vide information
  • Appro­pri­ate­ness and suit­abil­i­ty test for invest­ment advice or port­fo­lio management
  • Doc­u­men­ta­tion and ren­der­ing of account
  • Trans­paren­cy and care in client orders; incl. best exe­cu­tion
60’

Con­flicts of inter­est (par­tic­u­lar­ly own-account trans­ac­tions and retrocessions)

30’

COF­FEE BREAK

[15’]

Intro­duc­tion to the Reg­is­ter of Advis­ers; par­tic­u­lar­ly adviser’s duties

20’

Finan­cial Insti­tu­tions Act (FINIA): Intro­duc­tion / activ­i­ties which require authorization

20’

Ombudsman’s Office

15’

Agency mat­ters (Code of Obligations)

15’

Col­lec­tive Invest­ment Schemes Act (CISA): par­tic­u­lar pro­vi­sions on for­eign col­lec­tive invest­ment schemes

20’

Prospec­tus and Key Infor­ma­tion Doc­u­ment (KID)

20’

Q&A

30’

Total (break not included)

270’

Intro­duc­tion

  • Def­i­n­i­tion of finan­cial ser­vices / offer / advertising
  • Finan­cial instruments
  • Client seg­men­ta­tion; opt­ing-in / opt­ing-out
20’

Rules of con­duct in the nar­row­er sense (Art. 7–19 FINSA)

  • Duty to pro­vide information
  • Appro­pri­ate­ness and suit­abil­i­ty test for invest­ment advice or port­fo­lio management
  • Doc­u­men­ta­tion and ren­der­ing of account
  • Trans­paren­cy and care in client orders; incl. best exe­cu­tion
30’

Con­flicts of Interest

10’

Reg­is­ter of Advi­sors and Ombuds­man­’s Office: rep­e­ti­tion of cur­rent duties

10’

Col­lec­tive Invest­ment Schemes Act (CISA):

  • Dis­tri­b­u­tion of Swiss col­lec­tive invest­ment schemes
  • Dis­tri­b­u­tion of for­eign col­lec­tive invest­ment schemes
  • Intro­duc­tion to the Lim­it­ed Qual­i­fied Investor Fund (L‑QIF)
20’

Anti-Mon­ey Laun­der­ing Act (AMLA)

10’

Finan­cial Mar­ket Infra­struc­ture Act (FMIA)

10’

Overview of changes to rel­e­vant laws since 01.01.2020

10’

Q&A

Total

120’

Reg­is­ter

COURSE OFFERING of AvelaLaw AG – Initial Training / Refresher Course for Client Advisers in the Field of Rules of Conduct according to FINSA

Name(Required)
Address(Required)
MM slash DD slash YYYY
MM slash DD slash YYYY
IMPOR­TANT NOTE(Required)
We kind­ly ask you to make any sub­se­quent requests for post­pone­ment as soon as pos­si­ble. If you can­cel on Mon­day or Tues­day of the week in which the course date falls, half of the course fee will be charged. If you can­cel on or after Wednes­day of that week, the entire course fee will be charged. Of course, we always try to find a flex­i­ble solu­tion. We thank you for your reg­is­tra­tion and wish you an inter­est­ing and enter­tain­ing course!
This field is for val­i­da­tion pur­pos­es and should be left unchanged.

Your contact

Dirk Spiegel

FinSA and FinIA entered into force.

What impact does FinSA and FinIA have on the core process of your company?

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Training for client advisers in the field of FinSA Rules of Conduct

AvelaLaw offers mandatory initial training and refresher courses for Client Advisers who shall be enrolled in the Register of Client Advisers maintained by the stock exchange Bern in accordance with Art. 28 et seq. of the Federal Act on Financial Services of 15 June 2018 (“FinSA”).

Register now

AvelaLaw AG

AVELALAW is a Zurich-based advisory firm specialising in financial market law (with a particular focus on asset management and Swiss and foreign collective investment schemes). AVELALAW covers the full spectrum of legal advice, compliance and risk management for its clients.

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