Federal Council adopts dispatch on implementation of Global Forum's recommendations
Bern, 22.11.2018 - During its meeting on 21 November 2018, the Federal Council adopted the dispatch on the implementation of the Global Forum's recommendations on Switzerland's phase 2 review. The bill provides for the conversion of bearer shares into registered shares or structuring them as intermediated securities. Moreover, a sanction system for breaches of duty is to be introduced.