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 August 2021)


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Art. 40 Delegation of tasks

(Art. 14 and 27 Fin­IA)

1Wheth­er a del­eg­a­tion of in­vest­ment de­cisions is deemed to have the ne­ces­sary au­thor­isa­tion in ac­cord­ance with Art­icle 14 para­graph 1 Fin­IA is de­term­ined in ac­cord­ance with Art­icle 24 Fin­IA. For­eign man­agers of col­lect­ive as­sets must be sub­ject to au­thor­isa­tion and su­per­vi­sion which is at least equi­val­ent.

2Where for­eign law re­quires an agree­ment on co­oper­a­tion and the ex­change of in­form­a­tion with the for­eign su­per­vis­ory au­thor­it­ies, in­vest­ment de­cisions may only be del­eg­ated to man­agers of col­lect­ive as­sets abroad if such an agree­ment is in place between FINMA and the for­eign su­per­vis­ory au­thor­it­ies rel­ev­ant for the re­spect­ive in­vest­ment de­cisions.

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