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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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.

Current developments Sincevarious aspects of banking regulation have been subjected to beehv examination within the bwhv of the financial and economic crisis. Federal Legislation German French. The most important are: You may therefore consult them in German or in French. New “too big to fail” capital requirements for global systemically important banks in Switzerland Finma PDF One of our priorities is to make sure that banking regulation in Switzerland is structured in a good, credible and internationally-competitive manner.

Banking and financial market regulation can be expressed in various legal forms.

Guidelines for licence applications for branches and representative offices of foreign banks and securities dealers in Switzerland Updated: Information on regulatory projects regarding financial markets supervision are available under www. The licensing process for a branch of a foreign securities dealer normally takes about fnima months, but the duration depends on the quality and complexity of the application. Representative offices of foreign securities dealers.

Financial market regulation reform projects in Switzerland FinWeb. The branch must have regulations precisely describing its business and an organisation that is compatible with its operations. The responsible foreign supervisory authorities must not have raised any objections to the opening of bwhv representative office.

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

Regulatory intervention can take the form of “preventive” regulation such as putting limits on risk e. The country bebv domicile of the foreign securities dealer and all qualified participants must guarantee reciprocal rights.

Subscribe to new content Subscribe to all the Swiss Banking information you’re interested in. In this sense, finna 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. 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.

Organization of banking regulation Banking and financial market regulation can be expressed in various legal forms.

FINMA – Partial revision of the FINMA Stock Exchange Ordinance to become effective

Here you fijma also find reports and proposed rules and regulations which the SFBC publishes for consultation.

Appointment of a recognised regulatory audit firm for ongoing supervision. Our experts follow global and national regulatory developments very closely and take part in the consultation process whenever possible.

Furthermore, in many areas of regulation — for example with regard to capital requirements and remuneration systems — Switzerland already exceeds established international standards and this phenomenon must also be taken into account.

In the day-to-day work of the Swiss Bankers Association the area of banking regulation is an important area of focus. Guidelines for licence applications for branches and representative offices of foreign banks and securities dealers in Switzerland Updated: Banks and securities dealers Getting licensed Branches of foreign securities dealers.

If the foreign securities dealer forms part of a group active in the financial sector, FINMA can begv the licence contingent on the group subject to appropriate consolidated supervision by foreign supervisory authorities.

Sincevarious aspects of banking regulation have been subjected to critical examination within the context of the financial and economic crisis. 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.

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Chapter 5: Disclosure of Shareholdings

The country of domicile of the foreign securities dealer and all qualified participants must guarantee reciprocal rights. Contact for questions on the licensing process The Authorisation section of the Banks division authorization finma. Licensing requirements For a foreign securities dealer to obtain a licence to open a representative office, there must be no doubt that the applicant and the representative office meet or can meet all of the licensing requirements.

The SFBC – together with the Federal Finance Administration and the Federal Office of Private Insurance – has drawn up guidelines for effective financial market regulationwhich it incorporates in the regulatory process. Subscribe to all the Swiss Banking information you’re interested in. The time it takes to receive a response from the responsible foreign supervisory authorities must also be taken into account.

More information on regulation can be found on the websites of the Basel Committee on Banking Supervision www.

The foreign securities dealer must 1 bevh 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. Appointment of a recognised audit firm for the licensing process.

Banks and securities dealers Getting licensed Representative offices of foreign securities dealers.

Contact for questions on the licensing process The Authorisation section of the Banks division authorization finma. The time it takes to receive a response from the bev foreign supervisory authorities must also be taken into account.

At international as well as at national level, a number of regulatory requirements have been tightened.