Federal Act on Financial Institut…
Federal Act on Financial Institutions (Financial Institutions Act, FinIA / FINIG, SR 954.1) · st:ch-finia
Primary text ↗Verified
Dates
2020-01-01 source
In force from
Key provisions
5 in the graphThe article’s own text, quoted verbatim from the primary source below — a citable fact, not a summary. No plain-English explanation is shown: writing one would be legal analysis nobody sourced (docs/RULES.md R1). That register is reserved should sourced explanations be added later, and will never share this card’s styling.
Article 5 (Duty to obtain authorisation)
prov:ch-finia-art5
ARTICLE TEXT — VERBATIM, TIER B
Financial institutions under Article 2 paragraph 1 require authorisation from FINMA. source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Article 6 (Authorisation chain)
prov:ch-finia-art6
ARTICLE TEXT — VERBATIM, TIER B
Authorisation to operate as a bank within the meaning of the BankA also authorises an entity to operate as a securities firm, a manager of collective assets, a portfolio manager and a trustee. source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Article 17(1) (Definition of a portfolio manager)
prov:ch-finia-art17
ARTICLE TEXT — VERBATIM, TIER B
A portfolio manager is a person mandated to manage assets on a commercial basis in the name of and on behalf of clients within the meaning of Article 3 letter c items 1 to 4 FinSA source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Article 22(1) (Minimum capital of portfolio managers and trustees)
prov:ch-finia-art22
ARTICLE TEXT — VERBATIM, TIER B
The minimum capital of portfolio managers and trustees must amount to CHF 100,000 and be paid up in cash. The minimum capital requirement must be complied with at all times. source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Backs requirement minimumCapital
Article 45 (Minimum capital and collateral of securities firms)
prov:ch-finia-art45
ARTICLE TEXT — VERBATIM, TIER B
Securities firms must possess the required minimum capital. This must be fully paid up. source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Backs requirement minimumCapital
National regimes implementing it
2 regimesOne statute, implemented differently by each regime below — the same directive granting different activities, client types and capital figures market by market.
WhereAuthorityRegimeCapital · transitionFirms
Sources
Article 5 (Duty to obtain authorisation) · Article 6 (Authorisation chain) · Article 17(1) (Definition of a portfolio manager) · Article 22(1) (Minimum capital of portfolio managers and trustees) · Article 45 (Minimum capital and collateral of securities firms)Federal Act on Financial Institutions (Financial Institutions Act, FinIA / FINIG, SR 954.1)https://fedlex.data.admin.ch/filestore/fedlex.data.admin.ch/eli/cc/2018/801/20240301/en/html/fedlex-data-admin-ch-eli-cc-2018-801-20240301-en-html-3.html
Need this implemented in your product?
I turn requirements like these into flows, vendor setups, tests and audit evidence.
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