WebJul 11, 2024 · Supervision of outsourcing According to the FINMA Outsourcing Circular (in particular Notes 24 and 25) a bank must continuously monitor and assess the services of an outsourcing … WebJun 7, 2024 · Financial institutions subject to the Financial Institutions Act (even those not already covered by the FINMA Outsourcing Circular) are (also) subject to outsourcing related provisions under articles 14, 27 (applicable only to managers of collective assets), 35 (applicable only to fund management companies), 64 and 68 of the Financial ...
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WebDec 5, 2024 · The Swiss Financial Market Supervisory Authority FINMA is publishing its outsourcing circular, which introduces changes for banks and, for the first time, covers … You can register here, if you have not set up a user account yet.register here, if … Die Eidgenössische Finanzmarktaufsicht FINMA veröffentlicht das für Banken … While FINMA circulars do not require an explicit basis in formal legislation, their … FINMA continually monitors licence holders’ compliance with financial market laws. It … FINMA communicates important information to supervised institutions, providing … All insurance companies are obliged to obtain a licence for their business … Moreover, when FINMA investigations reveal an imminent and considerable … FINMA, whose head office is in Bern, is the supervisory authority responsible for … FINMA also approves products offered by collective investment schemes, … Publication of FINMA's annual report and its annual financial statements is how … WebFINMA is generally responsible for the authorisation, supervision, enforcement and documentation of most activities that are subject to Swiss financial market laws. This includes the supervision of outsourcing arrangements (see 2.7 Outsourcing of Regulated Functions). The supervision is risk-based, which means examinations depend on the risk ... download steer clear
Swiss Financial Market Supervisory Authority FINMA
WebJul 2, 2024 · Outsourcing can be a cost-effective way for you to manage a function of your organization that you lack the expertise to do properly. It can also free up a chunk of your … Webof FINMA. The outsourcing of material business functions of insurance companies is considered to be relevant for the business plan of the insurer 2 and therefore subject to FINMA approval. Permissibility: Generally, all material functions of a bank, a securities dealer or an insurance company may be subject to an outsourcing arrangement. WebOutsourcing of information and transaction processing and settlement activities involves risks that are similar to the risks that arise when these functions are performed internally. … download steinberg cubase 5