SEC resumes processing Swiss investment adviser applications

The US Securities and Exchange Commission (SEC) has resumed processing registration applications from investment advisers with their main office in Switzerland.

This decision, effective from today, is a result of a successful meeting between the SEC and the Swiss Financial Market Supervisory Authority (Finma).

The decision hinged upon Finma-supervised and SEC-registered Swiss investment advisers providing books, records and personal data to the SEC and the SEC’s ability to perform onsite checks consistent with US and Swiss laws.