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 most important legal precepts governing the SFBC’s activities and its implementing provisions are found in federal legislation.

SESTO-FINMA – Translation into German – examples English | Reverso Context

The responsible foreign supervisory authorities must not have raised any objections to the opening of a representative office.

The country of domicile of the foreign securities dealer and all qualified participants must guarantee reciprocal rights. 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.

Duration of the licensing process The licensing process for a representative office of a foreign securities dealer normally takes ffinma three months, but the duration depends on the quality and complexity of the application. Subscribe to new content Subscribe to all the Swiss Banking information you’re interested in. In the day-to-day work of the Swiss Bankers Association the area of banking regulation is an important area of focus.

The most important are:.

Finally, given the extraordinary heterogeneity of the Swiss banking sector it is especially bevh that Swiss banking regulation be imbued with a high degree of differentiation “one size does not fit all”.

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Financial market regulation reform projects in Switzerland FinWeb. Home Topics Regulation and compliance Regulation. Sincevarious aspects of banking regulation have been subjected to critical examination within the context of the financial bwhv economic crisis. Purpose of banking regulation Banking regulation above all serves to protect bank clients and the safety of the financial system or, in today’s parlance, its stability.

The Authorisation section of the Banks division authorization finma. Information on regulatory projects regarding financial markets supervision are available under www. Banks and securities dealers Getting licensed Representative offices of foreign securities dealers. Regulatory intervention can take the form of “preventive” regulation such as beehv limits on risk e.

Here you will also find reports and proposed rules and regulations which the SFBC publishes for consultation. New “too big to fail” capital requirements for global systemically important banks in Switzerland Finma PDF Representative offices of foreign securities dealers. Guidelines for licence applications for branches and representative offices of foreign banks and securities dealers in Switzerland Updated: Current developments Sincevarious aspects of banking regulation have been subjected to critical examination within the context of fibma financial and economic crisis.

Banks and securities dealers Getting licensed Branches of foreign securities dealers. The most important are: Federal Legislation German French. Contact for questions on the licensing process The Authorisation section of the Banks division authorization finma. The SFBC is not providing any official translations in English, as English is not an official language in its jurisdiction.

Appointment of a recognised regulatory audit firm for ongoing supervision. The most important are:. Contact for questions on the licensing process The Authorisation section of the Banks division authorization finma. In addition to the setting of standards and norms the concept of regulation typically also includes supervision and oversight. The foreign securities dealer must be subject to appropriate supervision.

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The time it takes to receive a response from the responsible foreign supervisory authorities must also be taken into account. One of behf priorities is to make sure that banking regulation in Switzerland is structured in a good, credible and internationally-competitive manner. Representative offices of foreign securities dealers must meet a number of licensing requirements to obtain authorisation from FINMA.

The SFBC itself also publishes circulars and newsletters. Branches of foreign securities dealers. At international as well as at national level, a number of regulatory requirements have been tightened. The time it takes to receive a response from the responsible foreign supervisory authorities must also be taken into account.

Regulation

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 behhv other. 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. 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.