BEHV FINMA PDF

BEHV FINMA PDF

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November 20, 2020

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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Federal Legislation German French. In addition to the setting of standards and norms the concept of regulation typically also includes supervision and oversight. Licensing requirements For a foreign securities dealer to behg 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. Here you will also find reports and proposed rules and regulations which the SFBC publishes for consultation.

Representative offices of foreign securities dealers are not subject to prudential supervision. New “too big to fail” capital requirements for global systemically important banks in Switzerland Finma PDF Under a dualistic supervisory system the FINMA commissions auditing companies to carry out the actual inspection and auditing of the banks.

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. Branches of foreign securities dealers must meet a number of licensing requirement to obtain authorisation from FINMA.

Unofficial English translations of some of these documents are available on bejv websites:. 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 time it takes to receive a response from the responsible foreign supervisory authorities must also be taken into account. 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 bevh implementing provisions are found in federal legislation. 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. Representative offices of foreign securities dealers must meet a number of licensing requirements to obtain authorisation from FINMA.

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The Authorisation section of the Banks division authorization finma. Finnma 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 six months, but the finms depends on the quality and complexity of the application. 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.

Appointment of a recognised regulatory audit firm for ongoing supervision. The foreign securities dealer must be subject to appropriate supervision. 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.

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

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.

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

Translation of “SESTO-FINMA” in German

Banking and financial market regulation can be expressed in various legal forms. Regulatory intervention can take the form of “preventive” regulation such as putting limits on risk e. Those in charge of the representative office must assure proper business conduct. In the day-to-day work of the Swiss Bankers Association the area of banking regulation is an fibma area of focus. In view of the financial crisis some adjustments to regulation would indeed appear legitimate.

Representative offices of foreign securities dealers. However, they must submit an annual report for the foreign securities dealer they represent to FINMA within four months after the financial year ends. Subscribe to all the Swiss Banking information you’re interested in. Duration of fnima licensing process The licensing process for a branch of a foreign securities dealer normally takes about six months, but the duration depends on cinma quality and complexity of the application.

FINMA – Branches of foreign securities dealers

The country of domicile of hehv foreign securities dealer and all qualified participants must guarantee reciprocal rights. The most important are:. Organization of banking regulation Banking and financial market regulation can be expressed in various legal forms.

Licensing requirements 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.

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You may therefore consult them in German or in French. Home Topics Regulation and compliance Regulation. 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.

Contact for questions on the licensing process The Authorisation section of the Banks division authorization finma.

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

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.

At international as well as bhv national level, a number of regulatory requirements have been tightened. Sincevarious aspects of banking regulation have been subjected to critical examination within the context of the financial and economic crisis. Our experts follow global and national regulatory developments very closely and take part in the consultation process whenever possible.

The SFBC is not providing any official translations in English, as English is not an official language in its jurisdiction. A foreign securities dealer needs to be authorised by FINMA if it employs staff in Switzerland beh, on a professional basis, permanently represent it for advertising or other purposes in or from Switzerland, including in particular fjnma client orders to it, but do not trade securities or manage client accounts for the foreign securities dealer that give rise to legal obligations.

Appointment of a recognised audit firm for the licensing process. Contact for questions on the licensing process The Authorisation bbehv of the Banks division authorization finma.

Current developments Sincevarious aspects of banking bshv have been subjected to critical examination within the context of the financial and economic crisis. However, it is above all important to carry out a cost-benefit analysis of any regulatory changes so the pros benefits can be fin,a up and judged against the cons costs.

The SFBC itself also publishes circulars and newsletters. 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 representative office of a foreign securities dealer normally takes about three months, but the duration depends on the quality and complexity of the application.