Financial Institutions Ordinance (FinIO)
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Art. 91 Repeal and amendment of other legislative instruments
(Art. 73 FinIA) The repeal and amendment of other legislative instruments are set out in the Annex.
Art. 92 Transitional provisions for portfolio managers and trustees
(Art. 74 FinIA) 1 Portfolio managers and trustees which until entry into force of the FinIA were supervised by FINMA as financial intermediaries directly subordinated to it pursuant to the AMLA are no longer required to be affiliated to a self-regulatory organisation in accordance with Article 24 AMLA if, within one year of entry into force of the FinIA, they: a. receive confirmation from a supervisory organisation that they are subject to supervision in accordance with Article 7 paragraph 2 FinIA; and b. submit an authorisation application to FINMA. 2 They shall submit a report on their business activity's compliance with the provisions of the AMLA: a. to the supervisory organisation prior to being subject to supervision in accordance with Article 7 paragraph 2 FinIA; or b. to the self-regulatory organisation prior to affiliation accordance with Article 14 AMLA.
Para. 1 — SR 955.0
Art. 93 Further transitional provisions
(Art. 74 FinIA) 1 Article 5 paragraph 2 FinIA is not applicable to financial institutions which on entry into force of the FinIA are already entered in the commercial register. 2 Financial institutions which provide services in accordance with the FinSA must be affiliated to the ombudsman's office within six months of the Federal Department of Finance recognising or establishing for them an ombudsman's office in accordance with Article 84 FinSA. The period is deemed met on submission of the application. 3 Financial institutions that have their registered office abroad and by reason of a branch or representation in Switzerland already hold authorisation are not required to submit a new application for authorisation. They must satisfy the legal requirements within one year of entry into force. 4 Financial institutions that have their registered office abroad and by reason of a branch or representation in Switzerland are newly required to obtain authorisation pursuant to the FinIA shall r
Para. 2 — SR 950.1 Para. 6 — SR 951.31 Para. 6 — AS 2013 585
Art. 94 Commencement
This Ordinance enters into force on 1 January 2020.