Swiss and UK Authorities sign MoU under the Berne Financial Services Agreement

The Swiss Financial Market Supervisory Authority, the UK Financial Conduct Authority (FCA), and the Bank of England (including the UK Prudential Regulation Authority) have entered into a Memorandum of Understanding (MoU) under Article 14 of the Berne Financial Services Agreement (BFSA). The MoU establishes a framework for supervisory cooperation and information sharing between the UK and Switzerland in the insurance and investment services sectors. It sets out procedures for mutual assistance, the exchange of confidential information, and sector-specific cooperation, including notification, reporting and the maintenance of public registers for covered financial services suppliers. The general provisions of the MoU are complemented by annexes and an appendix, which further specify aspects of cooperation.

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