Swiss Investment Advisors Regain SEC Registration Option

Switzerland-based investment advisers can once again register with the Securities and Exchange Commission, regulators said Tuesday, with the US agency immediately resuming the processing of new and pending registration applications.

The announcement follows discussions between the US regulator and the Swiss Financial Market Supervisory Authority over the ability for SEC staff to directly obtain information from Switzerland-based banks and other financial institutions, including personal data.

“These applications have languished for too many years, and it is well past time that we resume this process,” SEC Chair Paul Atkins said in a release.

A spokesperson for the Swiss regulator said ...