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Preparing UK market access for Swiss financial services firms after the Berne Financial Services Agreement

Federal Palace at Bundeshausplatz town square at Swiss city of Bern on a sunny late spring afternoon.
Photo: Michael Derrer Fuchs/Getty Images

Ash Saluja | CMS, Tom Callaby | CMS, Ben Maconick | CMS+1

5 min read
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New regime comes into effect in early 2026.

The UK authorities have published the Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025 (the Regulations) together with an Explanatory Memorandum, an FCA webpage and press release. These materials start translating the Berne Financial Services Agreement (BFSA) into UK law, set out

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