BEHV FINMA PDF

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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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. 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.

Branches of foreign securities dealers. Subscribe to new content Subscribe to all the Swiss Banking information you’re interested in. Appointment of a recognised regulatory audit firm for ongoing supervision. In the day-to-day work of the Swiss Bankers Association the area of banking regulation is an important area of focus.

Banking and financial market regulation can be expressed in various legal forms. Any company organised under foreign law that either holds fknma securities dealer licence abroad, uses the term “securities dealer” or a term with a similar meaning in its name, the description of its purpose or its business documentation or operates securities trading as defined in Article 2 let. The responsible foreign supervisory authorities must not have raised any objections to the opening of a representative office.

The branch must have regulations precisely describing its business bejv an organisation that is compatible with its operations.

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.

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Any company organised under foreign law that either holds a securities dealer licence abroad, uses the term “securities dealer” or a term with a similar meaning in its name, the description of its purpose or its business documentation or operates securities trading as defined in Article 2 let.

The most important legal precepts governing the SFBC’s activities and its implementing provisions are found in federal legislation. The Authorisation section of the Banks division authorization finma. 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. Banks and securities dealers Getting licensed Representative offices of foreign securities dealers.

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.

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. Finally, there are certain regulations of other bodies with relevance for the SFBC’s supervisory activities.

FINMA – Representative offices of foreign securities dealers

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. Banking regulation above all serves to protect bank clients and the safety of the financial system or, in today’s parlance, fima stability.

Organization of banking regulation Banking and financial market regulation can be expressed in various legal forms. Representative offices of foreign securities dealers must meet a number of licensing requirements to obtain authorisation from FINMA.

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Current developments Sincevarious aspects of banking regulation have been subjected to critical examination within the context of the financial and economic crisis. Contact for fijma on the licensing process The Authorisation section of the Banks division authorization finma.

Representative offices of foreign securities dealers

Under a dualistic supervisory system the FINMA commissions auditing companies to carry out the actual inspection and auditing of the banks. In Switzerland the main organ responsible behg the regulation of banks and financial markets is the FINMA which functions as an independent federal regulatory authority.

Home Topics Regulation and compliance Regulation.

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.

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 most important are:. 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.

The time it takes to receive a response from the responsible foreign supervisory authorities must also be taken into account. Licensing requirements For a foreign securities dealer to obtain a licence to open a branch, behf must be no doubt that the applicant meets or can meet all of the licensing requirements. The most important are: Subscribe to all the Swiss Beehv information you’re interested in. Contact for questions on the licensing bhv The Authorisation finmw of the Banks division authorization finma.