Ordinance
on Financial Institutions
(Financial Institutions Ordinance, FinIO)

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

of 6 November 2019 (Status as of 1 January 2020)


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Art. 78 Multiple branches

(Art. 52 para. 1 and 53 Fin­IA)

1If a for­eign fin­an­cial in­sti­tu­tion es­tab­lishes mul­tiple branches in Switzer­land, it must:

a.
ob­tain au­thor­isa­tion for each one;
b.
des­ig­nate one among them which is re­spons­ible for re­la­tions:
1.
with FINMA and the su­per­vis­ory or­gan­isa­tion in the case of Art­icle 52 para­graph 1 let­ter a Fin­IA,
2.
with FINMA in the case of Art­icle 52 para­graph 1 let­ters b–e Fin­IA.

2These branches must jointly meet the con­di­tions of the Fin­IA and the present Or­din­ance. An audit re­port is suf­fi­cient.

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