Securities firms must have sufficient own funds and liquidity individually and on a consolidated basis.
They must diversify their risks appropriately.
The Federal Council shall regulate the risk diversification requirements. It shall set the amount of own funds and liquidity based on the business activity and the risks.
Where there are legitimate grounds for so doing, FINMA may ease the requirements, provided this does not adversely affect the protective purpose of the law, or it may order more stringent requirements.
FINMA may issue implementing regulations.
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