Ordinance
on Financial Institutions
(Financial Institutions Ordinance, FinIO)

(Art. 5 and 7 Fin­IA)

¹The fin­an­cial in­sti­tu­tion shall sub­mit an au­thor­isa­tion ap­plic­a­tion to FINMA. The ap­plic­a­tion shall con­tain all in­form­a­tion and doc­u­ments re­quired to as­sess it, spe­cific­ally in­form­a­tion and doc­u­ments on:

a.

the or­gan­isa­tion, in par­tic­u­lar on cor­por­ate gov­ernance and con­trol as well as on risk man­age­ment (Art­icles 9, 20, 21 and 33 Fin­IA);

b.

the place of man­age­ment (Art­icle 10 Fin­IA);

c.

the guar­an­tee (Art­icle 11 Fin­IA);

d.

tasks and the del­eg­a­tion of such tasks (Art­icles 14, 19, 26, 27, 34, 35 and 44 Fin­IA);

e.

min­im­um cap­it­al and col­lat­er­al (Art­icles 22, 28, 36 and 45 Fin­IA);

f.

cap­it­al (Art­icles 23, 29, 37 and 46 Fin­IA);

g.

the om­buds­man's of­fice (Art­icle 16 Fin­IA);

h.

the su­per­vis­ory or­gan­isa­tion and the audit firm (Art­icles 61–63 Fin­IA).

²In­sur­ance com­pan­ies as defined in the ISA¹¹ are ex­empt from the duty to ob­tain au­thor­isa­tion as a man­ager of col­lect­ive as­sets.

³Ex­emp­tion from the duty to ob­tain au­thor­isa­tion as a trust­ee from FINMA can be gran­ted to trust­ees which act ex­clus­ively as trust­ees for trusts which were es­tab­lished by the same per­son or in fa­vour of the same fam­ily and which are held and mon­itored by a fin­an­cial in­sti­tu­tion which pos­sesses au­thor­isa­tion in ac­cord­ance with Art­icle 5 para­graph 1 or Art­icle 52 para­graph 1 Fin­IA.