Supervisory reviews of this kind must be essential for the requesting authority's own supervisory activities. Article 43 FINMASA sets out two possibilities where the requesting financial market authority is:
In practice, other less comprehensive reviews also take place on Swiss territory between Swiss supervised institutions and foreign financial market supervisory authorities. To clarify this situation, FINMA has published guidelines setting out the various forms of information exchange. The guidelines define the required contents of notifications and requests in this context and are intended to simplify the process by which Swiss supervised institutions meet foreign financial market supervisory authorities on Swiss territory.