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

¹ Any per­son who wil­fully:

a.¹¹¹

fails to have the an­nu­al fin­an­cial state­ments re­quired by the fin­an­cial mar­ket acts audited by a li­censed audit com­pany or to have an audit car­ried out that is re­quired un­der the fin­an­cial mar­ket acts or that has been ordered by FINMA or a su­per­vis­ory or­gan­isa­tion;

b.

fails to ful­fil his or her ob­lig­a­tions vis-à-vis the audit com­pany or the agent,

is li­able to a cus­todi­al sen­tence of up to three years or to a mon­et­ary pen­alty.

² Where the of­fend­er acts through neg­li­gence, he or she is li­able to a fine of up to 250 000 francs.

³ ...¹¹²