Art. 37

(Art. 9 FinIA)

1. Two authorised signatories must sign jointly.
2. Managers of collective assets must be able to be represented by a person who has their place of residence in Switzerland. This person must be a member of the body responsible for management or of the body responsible for governance, supervision and control.
3. The body responsible for management must comprise at least two persons.
4. Managers of collective assets must appoint a special body responsible for governance, supervision and control.
5. Where there are legitimate grounds for so doing, FINMA may allow departures from these requirements; it may grant exemptions in particular from the duty in accordance with paragraph 4 where the nature and scope of activity so dictate, in particular if the company has ten or fewer full-time positions or annual gross earnings of less than CHF 5 million.