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

¹FINMA de­cides, at the re­quest of the bank­ruptcy li­quid­at­or, on the ap­point­ment, com­pos­i­tion, tasks and powers of a com­mit­tee of cred­it­ors.

²If the agency of the de­pos­it pro­tec­tion scheme has paid out a sub­stan­tial amount of priv­ileged as­sets un­der Art­icle 37h BankA, it must nom­in­ate a per­son to rep­res­ent its in­terests on the com­mit­tee of cred­it­ors.

³FINMA de­term­ines the chair, the vot­ing pro­ced­ure and the com­pens­a­tion of the in­di­vidu­al mem­bers.