The Financial Institutions Act lays down the requirements for financial institutions' activities (portfolio managers, trustees, managers of collective assets, fund management companies and securities firms). Various forms of securities trading require FINMA authorisation.
FinIO governs the authorisation of, and organisational requirements for, supervised financial institutions.
This ordinance lays down more specific details on technical topics covered by the FinIA and the FinIO for portfolio managers, trustees, managers of collective assets, fund management companies and securities firms.