Federal Act
on Financial Institutions
(Financial Institutions Act, FinIA)

¹ The fin­an­cial in­sti­tu­tion must ef­fect­ively be man­aged from Switzer­land. Gen­er­al dir­ect­ives and de­cisions with­in the con­text of group su­per­vi­sion are ex­cluded if the fin­an­cial in­sti­tu­tion forms part of a fin­an­cial group that is sub­ject to ap­pro­pri­ate con­sol­id­ated su­per­vi­sion by for­eign su­per­vis­ory au­thor­it­ies.

² The per­sons en­trus­ted with man­aging the fin­an­cial in­sti­tu­tion must be res­id­ent in a place from which they may ef­fect­ively ex­er­cise such man­age­ment.