FINMA Licensed Second Registration Body according to FinSA
2020-09-21 | News & Media

FINMA Licensed Second Registration Body according to FinSA

ARIF was approved by FINMA as a registration authority for client advisers, in such a way it was it licensed as the second registration body in consonance with FinSa.

Artificially from 14 September 2020, the Association Romande des Intermédiaires Financiers (ARIF), is located in Geneva, is approved by FINMA as the registration authority for client advisers. The main aim of the registration authorities is to control the advisers register due to FinSA and verify if the advisers have the correspondent education and background. It worth to say, that FINMA do not assume responsibility for the prudential supervision of the registration authorities.

Referring to the client advisers of the financing facility providers, who do not come under the supervision and offer their services within the jurisdiction of Switzerland must inform about the entry in the register not later than six months after getting the license of the registration body.

Source: https://www.finma.ch/en/news/2020/09/20200915-mm-anerk-2te-registrierungsstelle/

Legal disclaimer. This article does not constitute legal advice and does not establish an attorney-client relationship. The article should be used for informational purposes only.

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