Ordinance
on Financial Institutions
(Financial Institutions Ordinance, FinIO)

(Art. 62 para. 2 and 3 Fin­IA)

¹When de­fin­ing the audit fre­quency and the in­tens­ity of su­per­vi­sion, the su­per­vis­ory or­gan­isa­tion shall be guided by the risks as­so­ci­ated with the activ­ity of those su­per­vised and the risks as­so­ci­ated with their or­gan­isa­tion.

²In years in which no reg­u­lar audit takes place, the su­per­vis­ory au­thor­ity shall col­lect stand­ard­ised data on the risks as­so­ci­ated with those su­per­vised.

³It shall as­sess the self-de­clared data col­lec­ted and take fur­ther meas­ures where ne­ces­sary.

⁴FINMA shall set down for, and in con­sulta­tion with, the su­per­vis­ory or­gan­isa­tion guidelines for con­duct­ing an as­sess­ment in ac­cord­ance with para­graphs 1–3.