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Switzerland’s Financial Market Supervisory Authority (FINMA) has released a new publication that helps mitigate regulatory measures that were previously seen as stifling, in particular facilitating a number of innovations for fintech groups, according to a FINMA statement.
The release of the new manifesto suggests that FINMA has been interested in taking definitive steps to help streamline fintech innovation via the introduction of a new licensing category for groups. This includes a license exempt area for start-up companies.
More specifically, FINMA has supported the implementation of a new licensing category for financial innovators with a license-exempt realm, i.e. sandbox. This licensing carries advantages for ... (read more)