FINMA shall grant the foreign financial institution authorisation to establish a branch if: a. the foreign financial institution: 1. is sufficiently organised and has adequate financial resources and qualified personnel to operate a branch in Switzerland, 2. is subject to appropriate supervision that includes the branch, and 3. proves that the business name of the branch can be entered in the commercial register; b. the competent foreign supervisory authorities: 1. do not raise any objections to the establishment of a branch, 2. undertake to notify FINMA immediately if any circumstances arise that could seriously prejudice the interests of the investors or clients, and 3. provide FINMA with administrative assistance; c. the branch: 1. fulfils the conditions set out in Articles 9 to 11 and has a set of regulations that accurately describes the scope of business and provides for an administrative or operational organisation corresponding to its business activity, and 2. fulfils the additional authorisation conditions under Articles 54 to 57.
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