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

¹ FINMA may ap­point an in­de­pend­ent and suit­ably-qual­i­fied per­son to in­vest­ig­ate cir­cum­stances rel­ev­ant for su­per­vis­ory pur­poses at a su­per­vised per­son or en­tity or to im­ple­ment su­per­vis­ory meas­ures that it has ordered (an in­vest­ig­at­ing agent).

² It spe­cifies the du­ties of the in­vest­ig­at­ing agent in the ap­point­ment or­der. It de­term­ines the ex­tent to which the in­vest­ig­at­ing agent may act in the place of the man­age­ment bod­ies of the su­per­vised per­son or en­tity.

³ The su­per­vised per­son or en­tity must al­low the in­vest­ig­at­ing agent ac­cess to its premises and provide him or her with all the in­form­a­tion and doc­u­ments that the in­vest­ig­at­ing agent re­quires to ful­fil his or her du­ties.

⁴ The costs of the in­vest­ig­at­ing agent are borne by the su­per­vised per­son or en­tity. It must if so in­struc­ted by FINMA make an ad­vance pay­ment to cov­er costs.