The Swiss parliament sanctions a changed Implementation Act on 27 September 2013, concerning the Switzerland and United States FATCA Agreement (2013) of 14 February 2013. The Swiss financial institutions have to impose FATCA which is effecting from 1 July 2014. The changes correspond to a previous declaration by the US Department of the Treasury on 12 July 2013, foreign financial institutions has postponed the FATCA implementation by six month. This amendment will enter into force at the same time as the FATCA agreement.