REGULATION

FINMA

FINMA is the Swiss government body responsible for financial regulation. This includes the supervision of banks, insurance companies, stock exchanges and securities dealers, as well as other financial intermediaries in Switzerland.

Swissential SA is registered as an Insurance Intermediary with the Swiss Financial Market Supervisory Authority (FINMA 32900) regarding its conduct of Swiss Insurance and pensions business.

Our regulatory standards mean that Swissential SA is obliged to follow very stringent regulatory obligations. As an extra layer of protection for our clients and in the highly unlikely event that a mistake should be made in the advice provided, Swissential SA holds a CHF3’000’000 professional indemnity insurance (above the 2m required by Law).

ARIF

ARIF is a self-regulating body approved by the Swiss Financial Market Supervisory Authority (FINMA) for the supervision of the financial intermediaries referred to in article 2 para. 3 of the Swiss Federal Law on combating money laundering and terrorism financing in the financial sector (AMLA). ARIF is also recognized by FINMA as a professional organization for laying down rules of conduct relating to the practice of the profession of independent asset manager within the meaning of the Swiss Federal Act on collective investment schemes.

Swissential SA is a Member of and regulated by ARIF, the Association Romande des Intermediaires Financiers regarding its conduct of Independent Asset Manager.

ARIF has also issued a Code of Deontology (CoD), approved by FINMA, that sets forth the rules of good professional practice for independent asset managers. The principal requirements set out are:

  • Respect for the integrity of financial markets
  • Guarantee of irreproachable management
  • Duty of information on services offered and remuneration
  • Conclusion of a written asset management contract
  • Guarantee of confidentiality

At Swissential SA, we are available to answer any questions with regards to regulation and financial advice. All recommendations provided are approved by a Swiss certified financial advisor carrying IAF certification, AFA certification and a CICERO membership number.