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FINMA Licenses and Authorisations Switzerland
As the Swiss Financial Market Supervisory Authority (FINMA ) is responsible for supervising and monitoring all areas of the financial industry, in particular banks, insurance companies, stock exchanges, securities dealers, collective investment schemes and auditing companies.
The regulatory authority is a public-law institution with its own legal personality and its head office is in the city of Berne. A subsequent location is in the city of Zurich. It is institutionally, functionally and financially independent of the central federal administration and is only administratively affiliated with the Federal Department of Finance. The Swiss Parliament has a supervisory mandate. In Switzerland, many business activities in the financial sector require a license. In most areas, this is granted by FINMA.
Types of Licences and Authorisations granted by FINMA:
Banks and securities firms Insurers Asset management Portfolio managers and trustees Supervisory organisations Representative offices of financial institutions based outside Switzerland under FinIA Insurance intermediaries Self-regulatory organisations (SROs) Directly subordinated financial intermediaries (DSFIs) Financial market infrastructures and foreign market participants Rating agencies Registration body Ombudsmen for financial service providers Reviewing body for prospectuses FinTech