Switzerland

Adopted 12 December 2024. Requires banks and insurers to identify, assess and manage climate-related and other nature-related financial risks within their existing risk management, applied proportionately. Climate-related risks must be covered by 1 January 2026 for Category 1-2 institutions and 1 January 2027 for Category 3-5, with full implementation by 1 January 2028.

Creates a federal transparency register of the beneficial owners of legal entities. The Federal Council brought it into force on 1 October 2026, which also starts the transition periods for registering affected entities; a separate provision on state notaries is postponed.

Adopted 7 December 2022, replacing Circular 2008/21. Sets requirements on ICT and cyber risk, critical data, business continuity and operational resilience for banks, persons under Art. 1b BA, securities firms and financial groups, applied proportionately. It includes reporting of cyberattacks and significant ICT incidents to FINMA.

Switzerland's data protection law. It sets information duties on collection (Art. 19), data security breach notification to the FDPIC (Art. 24), the right to information (Art. 25), FDPIC investigations and rulings (Arts. 49-51) and criminal fines of up to CHF 250,000 on private persons (Arts. 60-63).

Explains that Art. 10 AMLO-FINMA applies technology-neutrally to blockchain services, so originator and beneficiary information must accompany transfers. Until a transmission system exists, transfers to or from external wallets are allowed only where wallet ownership is proven and the counterparty is identified.

Sets due diligence requirements for client onboarding via digital channels: video identification, online identification and beneficial-owner declarations. A version adopted on 23 September 2026 takes effect on 1 November 2026 and adds E-ID based online identification.

Sets out FINMA's status, tasks and powers as the integrated financial market supervisor. FINMA describes it as the legal basis for FINMA as an authority.

Details the SNB's constitutional mandate and independence and sets its accountability and information duties towards the Federal Council, Parliament and the public (Arts. 5-7). It also gives the SNB the task of contributing to financial stability and overseeing systemically important financial market infrastructures.

SECO names the Labour Act as the basis for health protection at the workplace; the cantons enforce it through their labour inspectorates under federal supervision. Permits for permanent night and Sunday work are issued by the Federal Labour Inspectorate.