License for the financial services in Switzerland
There are two types of financial regulation in Switzerland. The Swiss financial market supervisory authority - FINMA – is a supervisory body that issues authorisations and controls provision of bank, fintech, insurance, financial intermediary services (FOREX, asset management, fiduciary services etc.). Part of such services, like for example, some financial intermediary services may require either direct (by FINMA) or indirect (by SRO) regulation.*
*Please, be aware that the legislation concerning financial markets is constantly changing due to the quick development of the industry.