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Federal Council initiates consultation on amendments to AEOI legal basis

27.02.2019 — Press release DEA
During its meeting on 27 February 2019, the Federal Council initiated the consultation on the revision of the Federal Act and Ordinance on the International Automatic Exchange of Information in Tax Matters (AEOI). Recommendations of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) are thereby to be implemented.


Signing of agreement between Switzerland and the UK on citizens’ rights

25.02.2019 — Press release DEA
Switzerland and the United Kingdom are safeguarding the existing rights of their citizens for the time when the UK is no longer a member of the EU. As part of the Federal Council’s Mind the gap strategy, State Secretary Mario Gattiker and his British counterpart, Parliamentary Under-Secretary Christopher Heaton-Harris, signed an agreement in Bern.




Quotas for UK citizens in the event of a disorderly withdrawal from the EU

13.02.2019 — Press release DEA
The Federal Council aims to safeguard its close bilateral relations with the United Kingdom after Brexit. At its meeting on 13 February, it decided on arrangements for the admission of British citizens in the event of the United Kingdom’s disorderly withdrawal from the European Union. A separate quota of permits will be made available for British citizens who wish to come to Switzerland to work after 30 March 2019. The Federal Department of Justice and Police (FDJP) will draft amendments to the Ordinance on Admission, Period of Stay and Employment (ASEO) by the end of March.


Switzerland and the UK sign trade agreement

11.02.2019 — Press release DEA
The continuation of economic and trade relations between Switzerland and the United Kingdom after the UK’s withdrawal from the European Union (Brexit) is assured. Federal Councillor Guy Parmelin and the British Secretary of State for International Trade, Liam Fox, signed a bilateral trade agreement in Bern on 11 February.


Switzerland and United Kingdom sign insurance and road traffic agreements

25.01.2019 — Press release DEA
President Ueli Maurer signed an agreement on direct insurance other than life assurance with the British Chancellor of the Exchequer, Philip Hammond, on 25 January 2019 in Davos, as well as a road traffic agreement with Jane Owen, Her Majesty's Ambassador to Switzerland. This will ensure the seamless continuation of the current regulations in these areas even after the United Kingdom (UK) has left the EU. Depending on the exit scenario, the agreements will enter into force either at the end of March 2019 or at the end of a transitional period.


European policy: arrangements for consultations on the draft institutional agreement

16.01.2019 — Press release DEA
At its meeting of 16 January 2019, the Federal Council decided on the arrangements for consultations on the draft institutional agreement between Switzerland and the European Union. Interactive consultations will be held in the form of meetings with the groups concerned, providing an opportunity to explain the draft agreement and answer questions. The Federal Council will review the status of these consultations in the spring.


Brexit: Switzerland and the UK guarantee citizens’ existing rights

20.12.2018 — Press release DEA
At its meeting on 19 December, the Federal Council approved an agreement with the United Kingdom (UK) on the rights of citizens following the UK’s withdrawal from the EU (Brexit). The agreement safeguards the rights of Swiss and UK nationals acquired under the Free Movement of Persons Agreement (e.g. residence rights). This measure is part of the Swiss government’s ‘Mind the Gap’ strategy, the purpose of which is to ensure the acquired rights and obligations of citizens after Brexit.


FDF enables recognition of EU trading venues

20.12.2018 — Press release DEA
The Federal Department of Finance (FDF) has noted the European Commission's decision of 20 December 2018 to extend Switzerland's stock market equivalence until the end of June 2019. As a result, the FDF – based on the Federal Council Ordinance of 30 November 2018 on the Recognition of Foreign Trading Venues – has created the prerequisite to allow EU trading venues to obtain the new FINMA recognition for the time being as well.



Federal Council initiates consultation on introduction of AEOI with 18 further states

07.12.2018 — Press release DEA
During its meeting on 7 December 2018, the Federal Council initiated the consultation on the introduction of the automatic exchange of financial account information (AEOI) with 18 further states and territories. The implementation of the AEOI is planned for 1 January 2020, and the first exchange of data should take place in 2021. The expansion of Switzerland's AEOI network takes current international developments into account.

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