Ordinance
on Financial Institutions
(Financial Institutions Ordinance, FinIO)

(Art. 9 Fin­IA)

¹Two au­thor­ised sig­nat­or­ies must sign jointly.

²Man­agers of col­lect­ive as­sets must be able to be rep­res­en­ted by a per­son who has their place of res­id­ence in Switzer­land. This per­son must be a mem­ber of the body re­spons­ible for man­age­ment or of the body re­spons­ible for gov­ernance, su­per­vi­sion and con­trol.

³The body re­spons­ible for man­age­ment must com­prise at least two per­sons.

⁴Man­agers of col­lect­ive as­sets must ap­point a spe­cial body re­spons­ible for gov­ernance, su­per­vi­sion and con­trol.

⁵Where there are le­git­im­ate grounds for so do­ing, FINMA may al­low de­par­tures from these re­quire­ments; it may grant ex­emp­tions in par­tic­u­lar from the duty in ac­cord­ance with para­graph 4 where the nature and scope of activ­ity so dic­tate, in par­tic­u­lar if the com­pany has ten or few­er full-time po­s­i­tions or an­nu­al gross earn­ings of less than CHF 5 mil­lion.