Authorisation – gaining entry to the financial market

Many financial services in the Swiss market require authorisation, which in most cases, is granted by FINMA. Under certain circumstances, service providers can join a private self-regulatory organisation instead.

Any individual or company seeking to take money from investors, underwrite insurance policies, or set up and manage a collective investment scheme requires authorisation from FINMA. Only where statutory requirements have been met are licences issued. Financial institutions which do not fulfil the requirements, are inadequately organised, fail to disclose their ownership structure or have a dubious reputation will not be authorised. Once issued with a licence, companies can commence their business activities.

Authorised companies are then supervised. FINMA supervision varies in intensity. Depending on the legal provisions, it can range from intensive, ongoing supervision to a simple act of registration, after which FINMA will only step in if it receives reports of inappropriate conduct.


Types of licences and intensity of supervision

Search

To check whether an individual, a company or a financial product has been authorised, you can search for the name here to see if it is listed among our authorised banks, insurers and collective investment schemes.

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Lists

FINMA keeps lists of all authorised institutions and investment funds. These are regularly updated. Possibly, however, a supervised institution has been authorised but is not yet included in the list. Similarly, a supervised institution may still feature on the list even though it has lost its authorisation.

Authorised banks and securities dealers

Insurers

Institutions and products subject to the Collective Investment Schemes Act

Stock exchange and financial market infrastructures

Money laundering

To prevent money laundering, certain types of financial intermediaries are supervised directly by FINMA (DSFIs), which are also listed. Under the Anti-Money Laundering Act (AMLA), there is also an option for indirect supervision via a self-regulatory organisation (SRO). By searching the members’ lists, you can see whether a financial intermediary belongs to one of these SROs.

List of group companies

Updated: 17.11.2017 Size: 0,08  MB
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List of group companies

Updated: 17.11.2017 Size: 0,13  MB
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Auditors

For authorised audit firms, please use the register provided on the website of the Federal Audit Oversight Authority (FAOA).

Rating agencies

Mapping

Updated: 30.01.2013 Size: 0,25  MB
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Insurance intermediaries

Insurance intermediaries are brokers who offer insurance contracts, for example on behalf of insurance companies. Insurance intermediaries are not supervised by FINMA, but they can have their names entered in a register kept by FINMA. Independent insurance intermediaries must be on this register. Intermediaries who are tied to an insurance company have the right to be entered.

Contact

In you are in any doubt, contact the following address to find out whether a service provider has been authorised to operate:

Swiss Financial Market Supervisory Authority FINMA
Laupenstrasse 27
CH – 3003 Bern
Phone +41 31 327 91 00
Fax +41 31 327 91 01
E-mail: info@finma.ch