FINMA launches consultation on the partially revised Circular 2017/6 “Direct transmission”
Why this matters
This is a formal consultation on revised regulatory guidance implementing statutory amendments to data transmission rules under FINMASA. The revision clarifies distinctions between supervisory and non-supervisory data transfers and introduces a legal presumption for confidentiality/purpose limitation compliance, affecting all supervised financial institutions. As a consultation on binding guidance with concrete legal implications, it warrants medium urgency and significance score 4.
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What the FINMA said
On 30 September 2026, the Swiss Financial Market Supervisory Authority FINMA launched the consultation on the partially revised Circular 2017/6 “Direct transmission”. The consultation will go on until 27 November 2026.
Published by FINMA . Read the full notice at the source for the authoritative text.
Context
Swiss Financial Market Supervisory Authority (FINMA) — Switzerland's financial market supervisor. We track 128 updates from them.
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This update is classified under Reporting & Disclosure and Banking & Credit.