On 11 September 2019, the Federal Financial Market Supervisory Authority (FINMA) issued a supplement to its guidelines for initial coin offerings (ICO). This supplement contains guidelines for « stable parts » according to Swiss financial market regulations. The Federal Financial Market Supervisory Authority (FINMA) recently announced that it will introduce the clearing obligation, i.e. the release of certain derivatives to central counterparties, under the Financial Infrastructure Act (FMIA), negotiated by counterparties with the status of FC-, i.e. large… The State Secretariat for the Economy (SECO) has adopted a new directive on the admissibility of intragroup staff credit. It pointed out that the intragroup staffing contract generally requires the corresponding licences, contrary to a previous directive in 2003. To fully understand its implications, it is necessary to… Switzerland does not have specific privacy legislation, but most laws contain provisions relating to confidentiality clauses and how to enforce them without any of the parties mentioning them. Swiss courts also recognize confidentiality or confidentiality agreements, as such practices are now widespread. The laws containing confidentiality clauses are the same: confidentiality clauses are also enforced by Swiss companies with regard to their trade secrets when it is considered that workers have the obligation of confidentiality, i.e. the obligation not to disclose confidential information or trade secrets.
Among these, IT companies use confidentiality clauses, but they also use Swiss intellectual property law, which allows them to protect their patents or trademarks. The Disclosure Reciprocity Agreement is a short-form, regulated confidentiality agreement in Switzerland. The use of a confidentiality agreement is recommended when the parties disclose confidential information to an existing or future business relationship. The model can be configured to describe the nature of the business relationship and the context of disclosure of confidential obligations (commercial purpose). The presentation defines confidential information that contains all information relating to the commercial purpose that is disclosed to the party receiving or whose attention is focused on it. Other conditions that meet the user`s needs include: the extent and duration of confidentiality obligations; Restrictions on copies Termination obligations and the jurisdiction. Circumstances of Use This document is suitable for commercial relations between two companies in which the parties… This proposal contains a unilateral Swiss confidentiality agreement (confidentiality agreement; confidentiality agreement).
The unilateral nature of the agreement means that only one party is bound by confidentiality obligations. Switzerland has introduced its version of the declaration obligations concerning electricity – but not gas (as for REMIT) – which refer directly to the obligations of companies established in Switzerland under REMIT. The rules and provisions of the new Swiss Financial Institutions Act (FinIA) will affect securities traders as participants in trading platforms. Companies that have not yet been regulated must be approved as investment firms.