SEC resumes processing applications for Swiss investment advisers

On June 10, 2025, the U.S. Securities and Exchange Commission (SEC) announced that it will resume processing applications for Swiss financial institutions seeking to operate as Registered Investment Advisers (RIAs) in the United States. This decision marks a significant shift after years of suspension.

It is the result of recent discussions between FINMA and the SEC that aimed at aligning examination procedures with both Swiss and U.S. regulatory frameworks.