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FINMA publishes its enforcement actions and selected court decisions in an anonymized and summarized form in a database

April 7, 2021 | Financial Market News

FINMA publishes its enforcement actions and selected court decisions in an anonymized and summarized form in a database

The publishing of this case report confirms FINMA's accountability obligations regarding its enforcement activities. The case report includes anonymized and generalized cases which were concluded with a court decision. Moreover, the detailed description of such cases was also published. This mirrors the broader digitalization strategy, including measures like Finma gives permission to scan chips in the online identification, ensuring secure but efficient compliance processes. Such transparency complements other recent regulatory steps, such as Finma gives forth partly revised circular on direct transmission, aimed at improving clarity in institutional cooperation.

Due to the legislative limitations FINMA is allowed to give the detailed information of the legal actions pursued against specific firms or physical persons only in exceptional cases. So, the FINMA’s reports are always anonymized and all the personal rights of the affected persons are secured. This protection of individual rights echoes initiatives in other sectors, such as swiss exporters , which likewise emphasize enforcement balanced with privacy and integrity.
FINMA enforcement actions and selected court decisions in a database
Source: https://www.finma.ch/de/durchsetzung/kasuistik-und-gerichtsentscheide/

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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