Federal Act on the Swiss Financial Market Supervisory Authority

¹In or­der to im­ple­ment the fin­an­cial mar­ket acts, FINMA may ask for­eign fin­an­cial mar­ket su­per­vis­ory au­thor­it­ies to provide in­form­a­tion.

²It may trans­mit non-pub­lic in­form­a­tion to for­eign fin­an­cial mar­ket su­per­vis­ory au­thor­it­ies only if:

a.

this in­form­a­tion is used ex­clus­ively to im­ple­ment fin­an­cial mar­ket law, or is for­war­ded to oth­er au­thor­it­ies, courts or bod­ies for this pur­pose;

b.

the re­quest­ing au­thor­it­ies are bound by of­fi­cial or pro­fes­sion­al secrecy, not­with­stand­ing pro­vi­sions on the pub­lic nature of pro­ceed­ings and the no­ti­fic­a­tion of the gen­er­al pub­lic about such pro­ceed­ings.

³Para­graphs 1 and 2 ap­ply by ana­logy to the ex­change of in­form­a­tion between FINMA and for­eign au­thor­it­ies, courts and bod­ies in­volved in the re­struc­tur­ing and res­ol­u­tion of au­thor­ised parties.

⁴The ad­min­is­trat­ive as­sist­ance shall be car­ried out swiftly. FINMA shall ob­serve the prin­ciple of pro­por­tion­al­ity. The trans­mis­sion of in­form­a­tion con­cern­ing per­sons who are mani­festly un­in­volved in the mat­ter be­ing in­vest­ig­ated is not per­mit­ted.

⁵FINMA may, in agree­ment with the Fed­er­al Of­fice of Justice, au­thor­ise the for­ward­ing of in­form­a­tion to pro­sec­u­tion au­thor­it­ies for pur­poses oth­er than those men­tioned in para­graph 2 let­ter a, provided that mu­tu­al leg­al as­sist­ance in crim­in­al mat­ters is not ex­cluded.