Swiss Bearer Shares Ban Due to Take Effect Next Month

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Restrictions on the ownership, transferal or exchange of bearer shares will come into power for companies and individuals in Switzerland next month on November 1st.

A bearer instrument is a document that entitles the holder of the document rights of ownership or title to the underlying property, such as shares or bonds.

The date marks the start of Federal Act on the Implementation of Recommendations of the Global Forum on Transparency and Exchange of Information for Tax Purposes comes into effect.