FINMA’s Board of Directors draws up the annual report (and financial statements) and submits it to the Federal Council for approval prior to publication (Art. 9 FINMASA). In addition to complying with FINMA’s reporting obligation, the report also sets out FINMA’s tasks, powers, main focus of activities and values. The annual report highlights the milestones FINMA has reached and provides key figures for the previous business year.
As stated in the Dispatch accompanying the FINMASA proposal, the annual report is in accordance with Article 662 of the Code of Obligations. As an accountability report, it provides information on FINMA’s supervisory practice during the previous business year and also includes statistics and the annual financial statements as mandatory components. FINMA aims to give the general public a clear and transparent picture of its supervisory activities in fulfilling its statutory remit.
Two separate documents, the annual report and the annual financial statements, are published on FINMA’s website.
The annual financial statements are drawn up in accordance with the International Financial Reporting Standards (IFRS). The reporting period runs from 1 January to 31 December.
Following approval by the Federal Council, FINMA generally publishes its annual report and financial statements at its annual media conference held in the spring. The annual report is published in electronic and print versions in four languages: German, French, Italian and English. The annual financial statements are published in German and French.