Before a licence can be issued to a directly subordinated financial intermediary (DSFI), it must meet the licence conditions set out in the Act (Art. 14 AMLA).
A financial intermediary must:
Applications must demonstrate that future licence holders will meet all the licensing requirements specified in the Act or will do so immediately after authorisation has been granted.
The completed application form ("DSFI licence" application template) and enclosures should be sent to:
Swiss Financial Market Supervisory Authority FINMA
"Parabanking Sector Supervision" group
Applications must be submitted in an official language of the Swiss Confederation and signed by the applicant. Applications filed by the applicant's legal representative must be signed by this person; a certified copy of this person's power of attorney must also be enclosed.
FINMA will process the application once it has been submitted correctly and in full. If necessary, the applicant may be asked to submit further information or documents in order to establish full compliance with licensing requirements.
An application fee is charged regardless of the outcome of the process. The fee charged is in accordance with the FINMA Ordinance on the Levying of Supervisory Fees and Duties (FINMA-GebV; SR 956.122).