In the last 24 April 2018, the Swiss federal government’s discussed about the recommendations OECD Global Transparency Forum of July 2016. This proposed the compulsory conversion of bearer shares into registered shares.

Bernhard Loetscher and Flavia Widmer of CMS von Erlach Poncet said ‘The abolition of bearer shares is not a measure necessary to align with international standards’ and ‘The rules on transparency of legal entities enacted in 2015, which confirmed the feasibility of bearer shares, were at the time recognised as compliant with the FATF’s respective recommendations. Moreover, those rules have proven to be effective.’

This consultation is open until 21 September 2018.