Financial Services Act (FinSA)

Art. 29FinSA from 2020

Art. 29 Registration conditions

¹ Client advisers are entered in the register of advisers if they prove that they:

a.

satisfy the requirements set out in Article 6;

b.

have taken out professional indemnity insurance or that equivalent collateral exists; and

c.

are themselves affiliated to an ombudsman's office (Article 74) in their capacity as a financial service provider or the financial service provider for which they work is affiliated to an ombudsman's office.

² Client advisers shall not be entered in the register of advisers if they:

a.

have been convicted of criminal offences in accordance with Articles 89 to 92 of this Act or Article 86 ISA¹ or of property offences under Articles 137 to 172^ter of the Swiss Criminal Code²; or

b.

have been prohibited from performing the registrable activity in accordance with Article 33a FINMASA³ or from practising a profession in accordance with Article 33 FINMASA.

³ If client advisers are employed as staff by a financial service provider, the condition set out in paragraph 1 letter b may be fulfilled by the latter.

¹ SR 961.01
² SR 311.0
³ SR 956.1