Ordinance
on Financial Institutions
(Financial Institutions Ordinance, FinIO)

(Art. 52 para. 1 and 53 Fin­IA)

¹Branches may draw up their an­nu­al and in­ter­im ac­counts in ac­cord­ance with the pro­vi­sions which ap­ply to the for­eign fin­an­cial in­sti­tu­tion, provided they sat­is­fy in­ter­na­tion­al stand­ards of ac­count­ing.

²Claims and li­ab­il­it­ies must be stated sep­ar­ately:

a.

in re­spect of the for­eign fin­an­cial in­sti­tu­tion;

b.

in re­spect of com­pan­ies act­ive in the fin­an­cial sec­tor or real es­tate firms if:

1.

the for­eign fin­an­cial in­sti­tu­tion forms an eco­nom­ic unit with them, or

2.

it is to be as­sumed that the for­eign fin­an­cial in­sti­tu­tion is de jure or de facto ob­liged to provide as­sist­ance to group com­pan­ies.

³Para­graph 2 also ap­plies to off-bal­ance-sheet busi­ness.

⁴A branch shall send its an­nu­al and in­ter­im ac­counts:

a.

to the su­per­vis­ory or­gan­isa­tion for sub­mis­sion to FINMA in the case of Art­icle 52 para­graph 1 let­ter a Fin­IA;

b.

to FINMA in the case of Art­icle 52 para­graph 1 let­ters b–e Fin­IA.

⁵Pub­lic­a­tion is not re­quired.