Ordinance
on Financial Institutions
(Financial Institutions Ordinance, FinIO)

(Art. 28 para. 2 and 3 Fin­IA)

¹FINMA may per­mit part­ner­ships to provide, in­stead of min­im­um cap­it­al, col­lat­er­al in the form of a bank guar­an­tee or a cash de­pos­it in a blocked ac­count with a bank, said col­lat­er­al be­ing equi­val­ent to the min­im­um cap­it­al in ac­cord­ance with Art­icle 42.

²Where there are le­git­im­ate grounds for so do­ing, FINMA may stip­u­late a dif­fer­ent min­im­um amount.