Swiss regtech company Indigita SA has launched an advanced and certified version of its online course on the Financial Services Act (FinSA), in collaboration with leading regulatory knowledge provider BRP Bizzozero & Partners SA. Completion of the course fulfills FINMA’s training requirements for client advisors with domestic and foreign financial institutions to operate in Switzerland.
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FinSA requires financial professionals who seek to be listed in a Swiss register of financial advisors to provide proof of their knowledge about existing regulations. Based on the leading regulatory expertise of BRP Bizzozero & Partners SA, Indigita SA has created an advanced online training, tailored to this requirement. The new online course is recognised by two FINMA-licensed certifying bodies, the Association Romande des Intermédiaires Financiers (ARIF) and the Financial Institutions Supervisory Organisation (OSIF).
The course covers a comprehensive list of subjects with deep dives into the topics of services and activities, client segmentation and onboarding, information duty, appropriateness and suitability of financial services, documentation and rendering on account, transparency and care in client orders, offering of financial instruments, civil, administrative and criminal procedures, as well as conflicts of interest. A final assessment ensures that participants have gained a profound understanding of current regulations, and passing the assessment enables them to be listed in a register of financial advisors and operate as a client advisor in Switzerland.
Indigita CEO Achille Deodato explained: “The new course builds on the basic FinSA e-learning course, which was launched in summer 2020 in collaboration with Centro Studi Villa Negroni. The training is divided into eleven interconnected modules, each containing a blend of theory and interactive elements to create an engaging learning experience. The different modules require 30 minutes on average to be completed and offer participants the flexibility to align their training schedule with their work commitments.”
Chairman of BRP’s Board of Directors Alessandro Bizzozero said about the target audience for the new training: “The course enables professionals, who are already familiar with the fundamental concepts of FinSA, to acquire the knowledge necessary to operate as a registered financial advisor. The training program is also aimed at employees from different functional areas who need to possess extensive knowledge of current regulations, such as compliance officers, legal counsels, risk officers, internal auditors and operational staff.”
The certified FinSA e-learning course is available in English as of now and forms part of Indigita’s broad offering of compliance training for financial institutions.