Supervisory law distinguishes between licensing, authorisation and reporting requirements. Some of the reports FINMA requires are not covered by an explicit legal obligation.
Licensing and authorisation requirements concern the following:
Legal reporting requirements concern activities outside Switzerland and qualified participations. FINMA is also notified in advance of any changes in ultimate management, even though there is no explicit legal requirement for this.
The term "bank" in this context also includes domestic securities dealers as well as branches of foreign banks and securities dealers.