Federal Act on the Swiss Financial Market Supervisory Authority

¹The em­ploy­ment re­la­tion­ships of the staff of the Fed­er­al Bank­ing Com­mis­sion, of the Fed­er­al Of­fice of Private In­sur­ance and of the Anti-Money Laun­der­ing Con­trol Au­thor­ity shall be trans­ferred in ac­cord­ance with Art­icle 58 para­graph 1 to FINMA and shall be con­tin­ued in ac­cord­ance with this Act.

²There is no right to the con­tinu­ation of any func­tion, field of work or po­s­i­tion with­in the or­gan­isa­tion­al sys­tem; however, staff have a right to their cur­rent salary for a peri­od of one year.

³Job ap­plic­a­tion pro­ced­ures will be car­ried out only if it proves ne­ces­sary as a res­ult of re­or­gan­isa­tion or where there is more than one can­did­ate.

⁴FINMA shall en­deav­our to carry out re­struc­tur­ing activ­it­ies in a so­cially ac­cept­able man­ner.