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


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Art. 19 Liability

1 The li­ab­il­ity of FINMA, its man­age­ment bod­ies, its staff and FINMA agents is gov­erned by the Gov­ern­ment Li­ab­il­ity Act of 14 March 195850, sub­ject to para­graph 2 be­low.51

2 FINMA and its agents are li­able only if:

a.
they have com­mit­ted a breach of fun­da­ment­al du­ties; and
b.
loss or dam­age is not due to a breach of duty by a su­per­vised per­son or en­tity.

50 SR 170.32

51 Amended by An­nex No 8 of the FA of 20 June 2014 (Con­sol­id­a­tion of Over­sight through Audit Com­pan­ies), in force since 1. Jan. 2015 (AS 2014 4073; BBl 2013 6857).

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