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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.

Art. 52 Bridge bank

1The bridge bank serves to en­sure the tem­por­ary con­tinu­ation of in­di­vidu­al bank­ing ser­vices trans­ferred to it.

2FINMA shall grant the bridge bank a li­cence with a fixed term of two years. It may de­vi­ate from the li­cens­ing re­quire­ments when grant­ing it. The li­cence may be ex­ten­ded.