Ordinance
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Art. 52 Body responsible for governance, supervision and control
(Art. 9 and 33 FinIA) 1The body responsible for governance, supervision and control must comprise at least three members. 2The majority of the members of this body may not also be members of the body responsible for management. 3The chair may not at the same time hold the office of chair of the body responsible for management. 4At least one third of members must be independent of the persons who hold a qualified participation in the fund management company and in companies of the same group. Fund management companies which are part of a financial group subject to consolidated supervision by FINMA are exempted. 5Where there are legitimate grounds for so doing, FINMA may allow relaxations of these requirements or it may impose more stringent requirements. |