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

English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.


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Art. 41 Opening

1FINMA opens the re­struc­tur­ing pro­ceed­ings with a rul­ing.

2It shall give pub­lic no­tice of the open­ing im­me­di­ately.

3In its open­ing rul­ing, it shall spe­cify wheth­er ex­ist­ing pro­tect­ive meas­ures un­der Art­icle 26 BankA are to be main­tained or altered, or re­placed by new ones.

4When it opens the re­struc­tur­ing pro­ceed­ings, it may also already ap­prove the re­struc­tur­ing plan.

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