Federal Act
on the Swiss Financial Market Supervisory Authority
(Financial Market Supervision Act, FINMASA)

¹ The on­go­ing su­per­vi­sion of port­fo­lio man­agers and trust­ees un­der Art­icle 17 of the Fin­an­cial In­sti­tu­tions Act of 15 June 2018⁹¹ is per­formed by one or more su­per­vis­ory or­gan­isa­tions with their re­gistered of­fice in Switzer­land.⁹²

² The su­per­vis­ory or­gan­isa­tion shall re­quire au­thor­isa­tion from FINMA be­fore com­men­cing its su­per­vis­ory activ­ity and shall be su­per­vised by FINMA.

³ The supervisory organisation may also supervise financial intermediaries under Article 2 paragraph 3 of the Anti-Money Laundering Act of 10 October 1997⁹³(AMLA) with regard to compliance with their duties under AMLA, provided they are recognised as a self-regulatory organisation in accordance with Article 24 AMLA.

⁴ If the supervisory organisation is also active in accordance with paragraph 3 as a self-regulatory organisation, it shall ensure that this is evident to others at all times.