BEHV FINMA PDF

Dec 3, Chapter 7: Cooperation between FINMA, the Takeover Board and Stock Praxis zu Art. 37 FinfraV-FINMA (vormals Art. 35 BEHV-FINMA). Dec 3, Praxis zu Art. 31 FinfraV-FINMA (vormals Art. 29 BEHV-FINMA). Vgl. die Praxis und Kommentierung zu Art. Abs. 1 FinfraG. Under a dualistic supervisory system the FINMA commissions auditing companies to carry out (); and the Swiss Financial Market Supervisory Authority (). 12th February · Änderung der BEHV-FINMA (PDF).

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The country of domicile of the foreign securities dealer and all qualified participants must guarantee reciprocal rights. Under a dualistic supervisory system the FINMA commissions auditing companies to carry out the actual inspection and auditing of the banks. The SFBC itself also publishes circulars and newsletters.

Financial market regulation reform projects in Switzerland FinWeb. The time it takes to receive a response from the responsible foreign supervisory authorities must also be taken into account.

Information on regulatory projects regarding financial markets supervision are available under www. Finally, there are certain regulations of other bodies with relevance for the SFBC’s supervisory activities. The most important are:. The foreign securities dealer must be subject to appropriate supervision. In this sense, when setting regulatory goals priority is given to the protecting of creditors on the one hand and the improvement of the system stability on the other.

Contact for questions on the licensing process The Authorisation section of the Banks division authorization finma. If the foreign securities dealer forms part of a group active in the financial sector, FINMA can make the licence contingent on the group subject to appropriate consolidated supervision by foreign supervisory authorities.

Duration of the licensing process The licensing process for a branch of a foreign securities dealer normally takes about six months, but the duration depends on the quality and complexity of the application. Unofficial English translations of some of these documents are available on private websites:.

Appointment of a recognised regulatory audit firm for ongoing supervision. The licensing process for a branch of a foreign securities dealer normally takes about six months, but the duration depends on the quality and complexity of the application. In the day-to-day work of the Swiss Bankers Association the area of banking regulation is an important area of focus.

New “too big to fail” capital requirements for global systemically important banks in Switzerland Finma PDF The responsible foreign supervisory authorities must not have raised any objections to the opening of a representative office.

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Banking regulation above all serves to protect bank clients and the safety of the financial system or, in today’s parlance, its stability. Regulatory intervention can take the form of “preventive” regulation such as putting limits on risk e.

The SFBC is not providing any official translations in English, as English is not an official language in its finja. You may therefore consult them in German or in French.

Translation of “SESTO-FINMA” in German

The Authorisation section of the Banks division authorization finma. Contact for questions on the licensing process The Authorisation section of the Banks division authorization finma. The branch must have regulations precisely describing its business and an organisation that is compatible with its operations.

In Switzerland, the fundamental principles are codified in federal legislation e. Here you will also find reports and proposed rules and regulations which the SFBC publishes for consultation.

Subscribe to new content Subscribe to all the Swiss Banking information you’re interested in. The most important are:. The time it takes to receive a response from the responsible foreign supervisory authorities must also be taken into account. The country of domicile of the foreign securities dealer and all qualified participants must guarantee reciprocal rights. The licensing process for a representative office of a foreign securities dealer normally takes about three months, but the duration depends on the quality and complexity of the application.

A foreign securities dealer needs to be authorised by FINMA if it employs staff in Switzerland who, on a professional basis, permanently trade securities or manage client accounts on its behalf in or from Switzerland that give rise to legal obligations. Role of the Swiss Bankers Association In the day-to-day work of the Swiss Bankers Association the area of banking regulation is an important area of focus.

One of our priorities is to make sure that banking regulation in Switzerland is structured in a good, credible and internationally-competitive manner. For a foreign securities dealer to obtain a licence to open a branch, there must be no doubt that the applicant meets or can meet all of the licensing requirements.

Duration of the licensing process The licensing process for a representative office of a foreign securities dealer normally takes about three months, but the duration depends on the quality and complexity of the application.

Praxis zu Art. 37 FinfraV-FINMA – – Swiss Takeover Law Online

flnma Representative offices of foreign securities dealers must meet a number of licensing requirements to obtain authorisation from FINMA.

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Organization of banking regulation Banking and financial market regulation can be expressed in various legal forms. Subscribe to all the Swiss Banking information you’re interested in. Furthermore, in many areas of rinma — for example with regard rinma capital requirements and remuneration systems — Switzerland already exceeds established international standards and this phenomenon must also be taken into account.

Banking and financial market regulation can be expressed in various legal forms. Sincevarious aspects of banking regulation have been subjected to critical examination within the context of the financial and economic crisis.

Branches of foreign securities dealers. A foreign securities dealer needs to be authorised by FINMA if it employs staff in Switzerland who, on a professional basis, permanently represent it for advertising or other purposes in or from Switzerland, including in particular forwarding client orders to it, but do not trade securities or manage client accounts for the foreign securities dealer that give rise to legal obligations.

Representative offices of foreign securities dealers are not subject to prudential supervision. Appointment of a recognised audit firm for the licensing process.

The most important legal precepts governing the SFBC’s activities and its implementing provisions are found in finam legislation. In Switzerland the main organ responsible for the regulation of banks and financial markets is the FINMA which functions as an independent federal regulatory authority.

The foreign securities dealer must 1 be subject to appropriate supervision that includes the branch, 2 be adequately organised, 3 have sufficient finances and qualified staff to operate a branch in Switzerland, and 4 prove that the branch can be entered into the Commercial Register. Guidelines for licence applications for branches and representative offices of foreign banks and securities dealers in Switzerland Updated: In addition to the setting of standards and norms the concept of regulation typically also includes supervision and oversight.

The most important are: Home Topics Regulation and compliance Regulation. In this process any revision of individual regulatory instruments should not be done in isolation; the effects of any regulatory change must be considered holistically; interdependencies and interactions must also be factored into the equation.