Notification procedure for Germany

An agreement between FINMA and the German Federal Financial Supervisory Authority (BaFin) facilitates the distribution of Swiss securities funds in Germany and German UCITS in Switzerland. Under this agreement a notification procedure is used instead of the authorisation procedure.

FINMA and BaFin have agreed that Swiss securities funds under Article 53 ff. CISA and German UCITS under § 1 para. 2 and §§ 192 ff. of the Investment Code (KAGB) are equivalent.

This makes it easier to distribute Swiss securities funds in Germany and German UCITS in Switzerland. A notification procedure is used instead of the authorisation procedure. The agreement came into force on 1 January 2014.

Information

The following documents are available: