Reporting requirements

Legal reporting requirements allow FINMA to clarify and verify specific facts if required.

Unlike changes of material significance, which require prior authorisation, a reporting requirement exists for other changes to the licences of banks and security firms. The most important concern the following:

  • Foreign activities: before starting operations abroad and when foreign operations undergo significant changes and / or are closed down, this must be reported to FINMA.
  • Qualified participations: Anyone buying or selling a qualified participation in a licensed institution must report this fact to FINMA. The banks and securities firms concerned must also file a report, as well as branches of foreign banks and securities firms. Changes concerning qualified participations in foreign-controlled institutions require authorisation.

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