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

¹ The su­per­vis­ory or­gan­isa­tion shall con­tinu­ously mon­it­or wheth­er port­fo­lio man­agers and trust­ees in ac­cord­ance with Art­icle 17 of the Fin­an­cial In­sti­tu­tions Act of 15 June 2018⁹⁴ are in com­pli­ance with the fin­an­cial mar­ket le­gis­la­tion to which they are sub­ject.⁹⁵

² Where the supervisory organisation detectsvi­ol­a­tions of su­per­vis­ory pro­vi­sions or oth­er ir­reg­u­lar­it­ies,it shall give the audited su­per­vised per­son or en­tity an ap­pro­pri­ate peri­od to re­store com­pli­ance with the law. If the peri­od is not com­plied with, it in­forms FINMA.

³ The Federal Council shall determine the main aspects and content of the continuous supervision. In doing so, it shall take account of the differing size and business risks of the supervised person or entity. It may authorise FINMA to issue implementing provisions on technical matters.