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

¹The re­struc­tur­ing plan shall set out the ba­sic ele­ments of the re­struc­tur­ing, the bank's fu­ture cap­it­al struc­ture and busi­ness mod­el after the re­struc­tur­ing, and ex­plains how it ful­fils the con­di­tions for ap­prov­al un­der Art­icle 31 para­graph 1 BankA.

²The re­struc­tur­ing plan shall also provide in­form­a­tion on the fol­low­ing ele­ments:

a.

fu­ture com­pli­ance with the li­cens­ing re­quire­ments;

b.

the bank's as­sets and li­ab­il­it­ies;

c.

the bank's fu­ture or­gan­isa­tion and man­age­ment and, if the bank is part of a bank­ing group or a bank­ing con­glom­er­ate, the fu­ture or­gan­isa­tion of the group or con­glom­er­ate;

d.

wheth­er and how the re­struc­tur­ing plan af­fects the rights of the bank's cred­it­ors as well as the own­ers;

e.

wheth­er the bank's right to con­test leg­al acts and as­sert civil re­spons­ib­il­ity claims un­der Art­icle 32 BankA are ex­cluded;

f.

which cur­rent mem­bers of the bank's gov­ern­ing bod­ies are to re­tain re­spons­ib­il­ity for its man­age­ment, and why this is in the in­terests of the bank, its cred­it­ors and its own­ers;

g.

the sev­er­ance set­tle­ments for de­part­ing mem­bers of gov­ern­ing bod­ies;

h.

those trans­ac­tions which re­quire an entry in the Com­mer­cial Re­gister or in the Land Re­gister; and

i.

the pro­vi­sions in Sec­tions 3 and 4 of this Chapter which are to be ap­plied to a spe­cif­ic re­struc­tur­ing case.

³FINMA may re­quest that the re­struc­tur­ing plan provide in­form­a­tion on ad­di­tion­al ele­ments.