The FCA is using the Berne agreement to start inviting firms to express interest in providing cross-border services between the UK and Switzerland. The agreement will benefit wholesale firms, with UK wholesale insurance firms being able to provide services into Switzerland without needing Swiss authorisation, and Swiss investment firms being able to provide investment services to UK high net worth and professional clients and ECPs. The new freedoms are expected to begin in early 2026, but firms can start expressing interest now.
