Active members under state supervision
Legal persons and private companies can be admitted as active members under state supervision, who operate independent asset management as their primary activity on the basis of:
- a license from the Swiss Financial Market Supervisory Authority (FINMA) as a securities broker in terms of the Swiss Federal Act on Stock Exchanges and Securities Trading.
- a permit from the Swiss Financial Market Supervisory Authority (FINMA) to practice as a financial intermediary.
- an authorisation form the Swiss Financial Market Supervisory Authority (FINMA) as Asset manager of collective investment schemes.
Admission to the Association is not possible if the asset management is operated within the framework of a banking license.
Active members under state supervision needs to fulfil the admission criteria for active members as well as to accept and comply with the Code of Conduct and Professional Ethics to practice independent asset management insofar as this does not run contrary to applicable legislation and ordinances or FINMA supervisory requirements.