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Ordinance
on Financial Institutions
(Financial Institutions Ordinance, FinIO)

of 6 November 2019 (Status as of 23 January 2023)

Art. 70a Eligible capital 30

(Art. 46 Fin­IA)

1 Se­cur­it­ies firms may in­clude the fol­low­ing as cap­it­al in ac­cord­ance with Art­icle 70 para­graphs 1 to 3:

a.
paid-up share cap­it­al plus, in the case of part­ner­ships, al­tern­at­ive cap­it­al in­stru­ments;
b.
dis­closed re­serves;
c.
re­tained earn­ings;
d.
the quarterly profits after de­duc­tion of the es­tim­ated profit dis­tri­bu­tion amount;
e.
sub­or­din­ated bonds that are only re­pay­able with the con­sent of FINMA.

2 The cap­it­al un­der para­graph 1 let­ters a to c can be in­cluded in full.

3 70% of the quarterly profits may be in­cluded after de­duct­ing the es­tim­ated profit dis­tri­bu­tion, sub­ject to the ex­ist­ence of a com­plete in­come state­ment in ac­cord­ance with FINMA's im­ple­ment­ing pro­vi­sions based on Art­icle 42 of the Bank­ing Or­din­ance of 30 April 201431 or of a com­plete in­come state­ment in ac­cord­ance with an in­ter­na­tion­al stand­ard re­cog­nised by FINMA, even if the in­come state­ment has not been audited. Where jus­ti­fied, FINMA can re­quire an at­test­a­tion.

4The fol­low­ing must be de­duc­ted in full from the eli­gible cap­it­al un­der para­graph 1 let­ters a to d:

a.
the loss car­ried for­ward and the loss for the cur­rent fin­an­cial year;
b.
the value of any par­ti­cip­a­tions in the con­text of the in­di­vidu­al en­tity cal­cu­la­tion;
c.
good­will, in­clud­ing any good­will in­cluded in the valu­ation of sig­ni­fic­ant in­terests in fin­an­cial sec­tor en­tit­ies out­side the scope of con­sol­id­a­tion, and in­tan­gible as­sets;
d.
de­ferred tax as­sets (DTAs) that de­pend on fu­ture prof­it­ab­il­ity, whereby off­set­ting against cor­res­pond­ing de­ferred tax li­ab­il­it­ies with­in the same geo­graph­ic­al and ma­ter­i­al tax jur­is­dic­tion is per­mit­ted.

5 If the cap­it­al un­der para­graph 1 let­ters a to d ex­ceeds CHF 1.5 mil­lion after the de­duc­tions un­der para­graph 4, 40% of the sub­or­din­ated bonds may be in­cluded for the ex­cess amount.

30 In­ser­ted by No I 7 of the O of 18 June 2021 on the Ad­apt­a­tion of Fed­er­al Law to De­vel­op­ments in Dis­trib­uted Ledger Tech­no­logy, in force since 1 Aug. 2021 (AS 2021 400).

31 SR 952.02