Home media Jobs Contact Extranet login News Documents 0 MyFINMA DE Permit monitoring enforcement documentation FINMA FINMA Public Home Permit Forms of approval Overview of the various forms of authorization FINMA knows five types of authorization: authorization, recognition, authorization, approval and registration. The intensity of supervision differs depending on the type of license. If someone wants to receive money from investors, subscribe to insurance policies or set up funds, they need admission to the financial market. The label “approved by FINMA” is only given to those who meet the legal requirements. And: Not every type of license is subject to the equally strict supervision of FINMA. Permit The license to work in the financial market is the most common type of license issued by FINMA. Banks , certain financial institutions (e.g. securities firms , fund management companies , managers of collective assets ), insurance companies, collective investment schemes and financial market infrastructures must meet high organizational, financial and risk-minimizing requirements and are prudentially monitored by FINMA. FINMA also approves asset managers and trustees . However, compliance with the licensing requirements is not guaranteed directly by FINMA, but by a supervisory organization (AO) monitored. FINMA approves and supervises these AO. recognition Another form of approval is recognition. For example, FINMA grants recognition to self-regulatory organizations (SRO) and rating agencies . FINMA does not monitor the latter. permit Die Registrierungsstelle und die Prüfstelle für Prospekte bedürfen für die Aufnahme ihrer Tätigkeit der Zulassung der FINMA. Die FINMA überwacht die Registrierungsstelle und die Prüfstelle nicht, erhält von diesen jedoch jährlich einen Tätigkeitsbericht. Genehmigung In wenigen Finanzmarktbereichen genehmigt die FINMA auch Produkte und Tarife. Die Produkte der kollektiven Kapitalanlagen, der beruflichen Vorsorge und der Krankenzusatzversicherungen werden von der FINMA genehmigt. Im Versicherungsbereich überprüft die FINMA im Rahmen einer sogenannt «präventiven Produktekontrolle» Allgemeine Versicherungsbedingungen (AVB) and tariffs. Collective investment schemes are approved if their relevant documents meet the legal requirements of the Collective Investment Schemes Act. FINMA only approves tariffs for supplementary health insurance and occupational pensions. In the case of natural hazard insurance, FINMA also reviews and approves the standard tariff developed by the industry. Registration FINMA keeps a register of approved insurance intermediaries . The entry in the register is also linked to certain requirements. However, after registration, FINMA does not exercise any ongoing supervision. Everything about approval Forms of approval Banks and securities firms Insurance Asset management Asset managers and trustees Supervisory organizations Representations of foreign financial institutions in accordance with FinIA Insurance intermediary SRO Financial intermediaries directly subordinate to them Financial market infrastructures and foreign participants Rating agencies Registration authority Ombudsman for financial service providers Review center for brochures Fintech Swiss Financial Market Supervisory Authority FINMA Laupenstrasse 27 , 3003 Bern Tel. +41 31 327 91 00 , Fax +41 31 327 91 01 info@finma.ch Search the site Permit Everything about approval Forms of approval Banks and securities firms Insurance Asset management Asset managers and trustees Supervisory organizations Representations of foreign financial institutions in accordance with FinIA Insurance intermediary SRO Financial intermediaries directly subordinate to them Financial market infrastructures and foreign participants Rating agencies Registration authority Ombudsman for financial service providers Review center for brochures Fintech monitoring Everything for surveillance Cross-industry topics Banks and securities firms Insurance Asset management Asset managers and trustees Supervisory organizations SRO Financial market infrastructures Pfandbriefzentralen Fintech enforcement Everything to enforce License holder Prohibited activities Market surveillance Enforcement instruments Data collection guarantee and verification Recovery and resolution Administrative assistance Rights and duties of data subjects Case studies and court decisions documentation Everything about documentation Legal bases Circular Hearings FINMA statements FINMA supervisory notices FINMA publications FINMA videos Dossiers Selected decisions Insurance law decisions Self-regulation Sanctions and FATF Statements archive FINMA Everything about FINMA goals organization Working at FINMA activities Testing FINMA representative National cooperation International cooperation Extranet Events FINMA Public Approved companies Warnings Make a report © 2021 FINMA media Jobs and careers Contact Abbreviations glossary Legal imprint Sitemap archive