Commentaries: Art. 51a

Audit companies for regulatory audits that only audit financial intermediaries associated with a self-regulatory organisation in accordance with AMLA¹(Art. 11a para. 2) must meet the licensing requirements in accordance with Article 11b letter a within two years of this amendment coming into force.
Lead auditors for regulatory audits who have a FINMA licence or who work for a self-regulatory organisation in accordance with the AMLA on the day this amendment comes into force must meet the requirements regarding auditing hours in Articles 11d paragraph 2 lettera , 11e paragraph 2 letter a, 11f paragraph 2 letter a, 11g paragraph 2 letter a and 11j within two years of this amendment coming into force.
Licence applications filed by audit companies and lead auditors for regulatory audits which have not been decided upon by FINMA when this amendment comes into force shall be assessed by the Oversight Authority in accordance with the new law.

Art. 51a