Ordinance
on Financial Institutions
(Financial Institutions Ordinance, FinIO)

(Art. 9 Fin­IA)

¹Fin­an­cial in­sti­tu­tions must define their or­gan­isa­tion in their or­gan­isa­tion­al prin­ciples.

²They must de­scribe their area of busi­ness in fac­tu­ally and geo­graph­ic­ally pre­cise terms in the prin­cip­al doc­u­ments. The busi­ness area and its geo­graph­ic­al ex­tent must be com­men­sur­ate with the fin­an­cial pos­sib­il­it­ies as well as with the op­er­a­tion­al or­gan­isa­tion.

³Fin­an­cial in­sti­tu­tions must have per­son­nel in place who are ap­pro­pri­ately and suit­ably qual­i­fied to per­form their busi­ness activ­it­ies.

⁴Risk man­age­ment must en­com­pass all busi­ness activ­it­ies and be or­gan­ised in such a way that all the main risks can be iden­ti­fied, as­sessed, con­trolled and mon­itored.