News & Media
2021-05-24
The Swiss Financial Market Supervisory Authority FINMA is updating the procedure of the online identification using the NFC verification by scanning the chip embedded in biometric identity documents.
- Swiss Law Firm
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- Switzerland Welcomes the New 1000 Franc Note
2019-03-05 |
News & Media
Switzerland Welcomes the New 1000-Franc Note
13 March 2019 marks a difference, as the Swiss National Bank (SNB) counters in Berne and Zurich, as well as the SNB agencies situated at the head offices of 14 cantonal banks, proposed the release of the new 1000-Franc note. Consequent upon its release, the Commercial banks, and Swiss Post will begin to circulate the new banknotes.
The new 1000-Franc banknote accounts for the fifth of the total six denominations to be released, following the 50, 20, 10 and 200-Franc notes. What seemed to be the driving force behind the release of the banknote series (which apparently is the fifth while the total eight series banknotes would continue to serve as legal tender until otherwise stated) is the "many facets of Switzerland". By extension, the 1000-Franc note expresses the country's communicative flair depicted graphically through a range of elements such as her language, the hand, and the globe.
In addition to this is the motive underlying the banknotes currently in circulation, such as the purple color scheme. This color seems to be peculiar to the ninth series which consists of six denominations in total. Apparently, modifications have been infused into the new series of banknotes being released. One is the size, intricate security features, and design which makes it outstanding in its class. It is now smaller in size and easier to handle.
Slated for 3 September 2019 is the presentation of the 100-Franc note which would later come into circulation on 12 September 2019, making it the last of the ninth banknote series' release.
Source: https://www.snb.ch/en/mmr/reference/pre_20190305/source/pre_20190305.en.pdf
Legal disclaimer. This article does not constitute legal advice and does not establish an attorney-client relationship. The article should be used for informational purposes only.
News & Media
2021-04-07
The publishing of this case report confirms FINMA's accountability obligations regarding its enforcement activities. The case report includes anonymized and generalized cases which were concluded with a court decision.
News & Media
2021-04-06
Bern, April 04, 2021 – The Swiss Institute of Intellectual Property (IPI) took an active role in 280 cases of “Swissness” excessive use in 2020. The IPI controls the use of the Swiss national emblem and destroys such goods during the customs examination. Now private and high officials start working together to control the “Swissness” fare dodger abroad.
News & Media
2020-12-15
The Swiss Financial Market Supervisory Authority FINMA recommends that the supervised parties affected by the LIBOR replacement sign the new Fallback Protocol of the International Swaps and Derivatives Association (ISDA) in the shortest time possible.
