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

¹ FINMA shall re­voke the li­cence of a su­per­vised per­son or en­tity, with­draw its re­cog­ni­tion or can­cel its re­gis­tra­tion if it no longer ful­fils the re­quire­ments for its activ­ity or ser­i­ously vi­ol­ates the su­per­vis­ory pro­vi­sions.⁷²

² On re­voc­a­tion, with­draw­al or can­cel­la­tion, the su­per­vised per­son or en­tity loses its right to carry out its activ­ity. The oth­er con­sequences of re­voc­a­tion, with­draw­al or can­cel­la­tion are gov­erned by the ap­plic­able fin­an­cial mar­ket acts.

³ These con­sequences ap­ply by ana­logy if a su­per­vised per­son or en­tity car­ries out its activ­ity without a li­cence, re­cog­ni­tion, or re­gis­tra­tion.