This blog post continues our expert analysis of complex investments and their regulation.
Structured Product issuance and distribution rules have recently been changed in Switzerland under the CISA and CISO. Most interesting is the requirement that a "simplified prospectus" be delivered to non-qualified purchasers.
Here's a quote from the Froriep Renggli briefing (FR):
Subject to certain exceptions, under the existing and new legal regime, a simplified prospectus has to be made available to the investor at the time of issuance of the structured products. The revised CISA additionally provides that also a preliminary simplified prospectus has to be made available to the investor prior to the subscription of the structured products.
The new rules took effect March 1, 2013. I look forward to reviewing the "simplified prospectuses".