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.
• a permit from the Swiss Financial Market Supervisory Authority (FINMA) as a capital investment manager of Swiss collective capital investments, broker and representative of foreign collective capital investments.

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 shall be subject to the conditions of active membership and the Code of Ethics and Professional Conduct of Independent Asset Managers only to the extent that requirements contained therein are not in conflict with the relevant authorisation.