Ordinance of the Swiss Financial Market Supervisory Authority on the Insolvency of Banks and Securities Dealers

¹This Or­din­ance ap­plies to the fol­low­ing, re­ferred to be­low as bank­ing in­sti­tu­tions and per­sons:

a.

banks un­der the BankA;

b.

se­cur­it­ies deal­ers un­der the SESTA;

c.

cent­ral mort­gage bond in­sti­tu­tions un­der the MBA.

²The pro­vi­sions on bank re­struc­tur­ing (Arts. 40-57) do not ap­ply to in­di­vidu­als and leg­al en­tit­ies op­er­at­ing without the re­quis­ite li­cence. FINMA may de­clare them ap­plic­able where there is suf­fi­cient pub­lic in­terest.