Suchergebnisse für Informationspflichten

Schutz der Kundenvermögen durch Segregation

Swiss financial market law contains various provisions that serve to protect client assets by means of segregation. With regard to the custody of intermediated securities, a revision entered into force on 1 January 2023: Art. 11a of the Federal Act on Intermediated Securities (FISA) now stipulates an obligation for custodians to hold their own securities and those of their account holders in…

Editorial

Dieses Heft enthält Beiträge zu zahlreichen Facetten der Digitalisierung und Innovation. Ein Fokus liegt dabei auf dem Finanzmarktrecht. Die Vielfalt der behandelten Themen spiegelt den…

The Materiality of Sustainability Information under Capital Markets Law

This paper explores the legal concept of the materiality of sustainability-related information under Swiss capital markets law. References to international standards, as well as EU and U.S. provisions, are also made with a view to highlighting the increasing importance of environmental, social and governance (ESG) aspects in the law and regulation of capital markets. We primarily focus on the…

Kooperationsformen zwischen Banken und Drittanbietern aus vertrags- und datenschutzrechtlicher Perspektive

Open Banking or Open Finance essentially means the exchange of financial data between different financial service providers including third party providers at the request of the customer. From a civil liability and data protection perspective this paper examines the legal relationships between banks, third party providers, platforms and customers on the basis of four possible «model forms of…

KI Sandboxen für die Schweiz?

A sandbox allows companies to test innovative products, services, and business models in a live market environment. Stemming originally from the FinTech sector, sandboxes have recently gained importance, especially in the context of artificial intelligence, where they are intended to serve to resolve the conflict between data protection and innovation by allowing innovation while ensuring that…

Editorial

Das europäische Datenschutzrecht ist seit mehreren Jahren in Bewegung: Im Mai 2016 hat die EU die Datenschutzgrundverordnung (DSGVO) vorgelegt, die einen einheitlichen Rechtsrahmen für das…

Der «grosse Bruder» DSGVO und das revDSG: Ein vergleichender Überblick

The revised Swiss Data Protection Act is very much influenced by European legislation. In the debate and discussions, the GDPR was and still is in the foreground as the «big brother». However, it is not the GDPR that is the guiding principle in the interpretation of the provisions taken from European law, but the Convention 108+ of the Council of Europe and the Police and Justice Directive of the…

Informationspflichten und Auskunftsrecht nach dem neuen Datenschutzrecht

The revision of the Data Protection Act aims to improve transparency for data subjects as to which of their data is processed and how. In order to achieve better transparency and to incorporate legislative developments at the European level, the information obligations for data controllers and the rights of data subjects to obtain information, have been strengthened in the course of the revision…

Die Strafbestimmungen des neuen DSG

As soon as the revised Swiss Federal Act on Data Protection (DPA) will come into force, the cantonal prosecuting authorities will be entitled to impose heavy fines of up to CHF 250 000 on the person responsible for non-compliant behavior. While this may seem to be a low figure compared to the high figures provided for by the GDPR, the fines under the revised DPA are of personal nature and may not…

Transparence des traitements de données personnelles opérés par les organes fédéraux: un pas en avant, deux en arrière

The recent revisions of European data protection instruments have been marked by the desire to give data subjects back control over their data, in particular by improving the transparency of data processing. The same desire for enhanced visibility and intelligibility has motivated the Swiss legislator in the revision of the Data Protection Act. The fact remains that the objective has only been…