Fund management companies manage investment funds for the account of investors and are responsible, among other things, for choosing which investments to make. They are subject to authorisation requirements.
Fund management companies require authorisation from FINMA. A fund management company must meet the following requirements (Arts. 32 ff. FinIA and 49 ff. FinIO):
Fund management companies manage investment funds autonomously in their own name for the account of investors (Art. 34 FinIA and Art. 49 para. 1 FinIO). In particular, they perform the following tasks:
Under Article 54 para. 1 FinIO), fund management companies are also responsible for:
Fund management companies must inform FINMA of any change in circumstances crucial to the granting of authorisation. Any significant changes are subject to prior authorisation by FINMA before resuming operations (Art. 8 FinIA in conjunction with Art. 10 FinIO).
Any intention to cease fund management operations requires prior approval from FINMA (Art. 8 FinIA). The regulatory auditor will also be asked to give its opinion of the intended action.
When applying for authorisation, application templates are available on the EHP survey and application platform and the following documents can be used.
Applicants must self-register via the FINMA homepage to gain access to the EHP. Following self-registration and the review by FINMA, they will be able to access the EHP through the FINMA portal via two-factor identification.
The following unfolded application template serves as a guide and cannot be used as an application.