Legal and Compliance implements FINMA's institutional governance at operational level. It is responsible for regulations, central management of FINMA's contracts and implementation of the code of conduct applicable to all employees and members of FINMA's executive bodies. The group handles all legal matters relating to FINMA as a company, in particular laws pertaining to labour, data privacy, contracts, procurement, and supervisory fees, as well as liability procedures. It is also responsible for lifting official secrecy restrictions by which FINMA employees are bound and handles inquiries on the official handing over of dossiers for Swiss authorities. Legal and Compliance is further responsible for the FINMA Executive Board's
Enforcement Committee and for quality control with regard to enforcement matters. It handles all FINMA's legal issues that line managers cannot manage themselves. The group also maintains a watch list of persons in respect of whose financial market activities FINMA may have reservations because of past incidents. In addition, Legal and Compliance coordinates the legal functions performed by line managers on behalf of FINMA's legal counsels.