Switzerland Revises International Administrative Assistance Guidelines for Securities Enforcement Investigations

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Thursday, June 1, 2006
Author: 
Benjamin Borsodi
Volume: 
22
Issue: 
6
236
Abstract: 
On February 1, 2006, revisions to article 38 of the Federal Act on Stock Exchanges and Securities Trading ("SESTA") entered into force. This statute, which deals with international administrative assistance, was amended to facilitate the administrative assistance that Switzerland may grant to other States in connection with the stock exchange and security trading regulations. This article analyzes the significance of the article 38 revisions, especially the end of the "long arm" principle … [more]