Switzerland Trust in the system: The trust arena is on the brink of change in Switzerland, with a new Bill waiting for parliamentary approval

The final version of the Swiss government's Bill on trusts,released on 5 December 2005, was approved by the Upper Housewithout reservations on 23 March 2006. The message sent out by the chairman of the reporting commissionwas clear: ‘[Switzerland] has to ensure that it does notfall behind its competitors in the Anglo-Saxon part of the worldand Singapore. What happened with investment funds should nothappen again.’ The Upper House agreed.