Securities firms

The financial market legislation governing securities firms derives from one federal act and one ordinance.

Financial Institutions Act (FinIA)

The Financial Institutions Act lays down the requirements for financial institutions' activities (portfolio managers, trustees, managers of collective assets, fund management companies and securities firms). Various forms of securities trading require FINMA authorisation.

Financial Institutions Ordinance (FinIO)

FinIO governs the authorisation of, and organisational requirements for, supervised financial institutions.